Generational Group Advises Banning Contracting Services in Sale to Kaiva Services

By Generational Group

04/22/2021

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is 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 Group 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.


About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.