Kelso Industries buys Florida's Randall in latest roll-up move
What's the deal? Kelso IndustriesDealroom has a profile for this one. Try Dealroom →, a portfolio company of Peterson PartnersDealroom has a profile for this one. Try Dealroom →, has acquired Randall MechanicalDealroom has a profile for this one. Try Dealroom →, a Florida-based contractor. The deal, announced November 3, 2026, was advised by law firm HonigmanDealroom has a profile for this one. Try Dealroom →. Terms were not disclosed.
What does Randall do? Founded in 1986 by Jeff Condello, Randall provides mechanical, electrical, plumbing, fire protection, and architectural metals services.
Why now? The purchase extends an acquisition-led expansion that pushed Kelso past $1 billion in annual revenue by 2025, after 31 deals. In 2026 it also added Clearwater Construction, All Electric, and Gaddy Electric & PlumbingDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Kelso is backed by a $510 million continuation vehicle led by NorthSands CapitalDealroom has a profile for this one. Try Dealroom →, with Peterson Partners rolling over and adding capital. The fund is meant to bankroll more acquisitions and expansion.
The signal: Kelso is building scale in the fragmented building-services market one deal at a time. Randall adds another regional operator to the roll-up, though the lack of disclosed terms makes its specific impact hard to assess.
Read more: honigman.com
Image credit: Phyxter Home Services
