Generational Capital Markets (GCM), a member of FINRA/SIPC and a leading mergers and acquisitions consultant for privately held businesses, is pleased to announce the sale of MVH Industrial to Fidelity Building Services Group, a portfolio company of Onex Partners. The acquisition closed April 13, 2026.
Headquartered in Georgetown, Kentucky, MVH Industrial is a provider of mechanical, electrical, plumbing, and general contracting services. The company supports commercial and industrial clients with a comprehensive range of services including HVAC/Mechanical system design & installation, industrial piping, plumbing, electrical systems, building automation, and custom sheet metal fabrication. MVH Industrial specializes in complex turn-key project execution, including manufacturing, facility relocations, system retrofits, and operational upgrades. Its capabilities range from paint booth and furnace installations, medium voltage electrical work, energy management systems, and industrial machinery upgrades.
Based in Hunt Valley, Maryland, Fidelity Building Services Group is one of the nation’s leading providers of HVAC/mechanical services, building automation, emergency power, and energy solutions serving the commercial/industrial, mission-critical, government, education, and healthcare markets. Fidelity’s leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, they share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence. Founded in 1945 as a full-service mechanical engineering, contracting, and service company, Fidelity helped introduce air conditioning and process cooling to a new marketplace. Today, through strategic acquisitions and partnerships, Fidelity has expanded its geographic footprint to more than 75 locations throughout the United States. With over 80 years of excellence and 3,200 team members, Fidelity remains obsessed with delivering proactive, world-class service.
Headquartered in Toronto with offices in New York City and London, Onex Partners operates as a global investment and asset management firm focused on building and growing businesses through an active ownership approach. Founded in 1984, the firm invests across private equity, credit, and real estate strategies, partnering with management teams to drive operational improvements and long-term value creation. With a broad sector focus that includes industrials, healthcare, financial services, and technology, Onex targets middle-market and large-scale opportunities across North America and Europe. The firm manages capital on behalf of institutional investors such as pension funds, sovereign wealth funds, and family offices, while also committing its own capital alongside clients to align interests and enhance performance.
Generational Capital Market’s President and Supervising Principal, Brenen Hofstadter and his team, led by Senior Managing Director, M&A, Chris Heckert with the support of Senior Vice President, M&A, Troy Blakely, successfully closed the deal. Generational Equity’s Senior Managing Director, Ruben Olm and Senior M&A Advisor, Rick Nichols established the initial relationship with MVH Industrial.
“We are pleased to welcome MVH Industrial to the Fidelity family,” says Dave Lanphar, Chief Executive Officer / Partner of Fidelity. “Our growth strategy continues to focus on partnering with premier companies that have strong technical expertise in new geographic markets. MVH Industrial’s reputation for delivering quality complex projects for critical end markets and deep customer relationships makes them an ideal partner in our growing national platform.”
“Joining Fidelity marks an exciting new chapter for our company,” says David Walden, President of MVH Industrial. “We’ve built our business around delivering high-quality, reliable solutions for our customers, and this partnership allows us to expand on that foundation. With Fidelity’s resources and national reach, we are well-positioned to grow our capabilities, create new opportunities for our Team Members, and continue exceeding expectations for the clients we serve.”
“The business and cultural fit between MVH and Fidelity is fantastic. I can’t wait to see what these two groups can accomplish together going forward,” said Heckert.
Ryan Binkley, CEO of Generational Group, added, “By working closely with teams that emphasize operational excellence and sustainable development, we are able to support targeted expansion efforts, enhance long-term enterprise value, and deliver meaningful results across all stakeholders. We remain committed to relationships that are built on shared vision, strong execution, and enduring value creation.”
About Generational Capital Markets, Inc.
Generational Capital Markets, Inc. is a member of FINRA/SIPC. Generational Capital Markets is part of Generational Group, which is headquartered in Dallas, TX, and is a leading, award winning full-service M&A consulting firm. Generational Group has over 300 professionals across 17 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 21st year, Generational has successfully closed over 1,800 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2024 and 2025.
The firm was named 2025 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 2022, 2024, and 2025.
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