Date
Mar 2021
Region
Oklahoma
We are pleased to announce the sale of Banning Contracting Services, Inc. to Kaiva Services LLC. The acquisition closed March 31, 2021.
Banning Contracting Services (BCS or BanningCS) is a Service-Disabled Veteran-Owned Small Business (SDVOSB) and HUBZone Small Business located in Tulsa, Oklahoma. BCS is a full-service information technology integrator providing professional design, installation, project management/supervision, maintenance services, product procurement, and consulting.
As a service-disabled, veteran-owned company, BCS has been committed to serving both the country and the nation’s active duty and retired military.
Kaiva Services, LLC is a Tribal 8(a) and HUBZone Small Business located in Ivins, Utah. The organization is wholly owned by the Shivwits Band of Paiutes, a federal-recognized Native American Tribe. Kaiva Services offers management consulting, project management, and administrative management services. They are committed to providing exceptional services to federal clients and commercial clients.
Kaiva Services will also provide an income stream for the Shivwits Band of Paiutes, which will be used to fund Tribal programs and provide benefits to Shivwits Band members.
Kaiva Services currently serves federal and private markets as a tribally-owned organization offering construction and technology services. The addition of BanningCS creates a specialized opportunity for Kaiva Services to add a valuable layer to their technology stack.
The organization will also continue to exercise BanningCS’ SDVOSB status. Both teams have worked closely to effectively consolidate their areas of expertise and provide a much more comprehensive set of services for their client bases.
Both organizations merged with a common vision to provide their customers a more agile and competitive experience in their markets while offering an expanded set of comprehensive services.
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Fred Phillips, with the support of Managing Director, Mergers & Acquisitions, Jacob Mangalath, successfully closed the transaction. Senior Managing Director Rick Buchoz established the initial relationship with BCS.
“This is a great transaction for both parties and will allow a mutually beneficial partnership for years to come, and continuity for all employees, customers, and other stakeholders alike,” said Goss.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Business Services & Financial Services M&A Deals page.
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