Broadwing PEI Award Application
Dallas-based Broadwing Capital has set a new standard in mid-market private equity, showing that strong operations and value-driven investments can deliver outstanding returns. Since its founding in 2022, the firm has distinguished itself through rapid portfolio growth, strategic team expansion, and a commitment to enhancing companies, cultures, and communities.
In just three years, Broadwing Capital has built three high-performing platform companies, including Upchurch, LEHR, and Reroof Partners, all of which have exceeded expectations. The firm’s fast and effective buy-and-build approach highlights its operational skills and market understanding.
Emergency vehicle upfitting company LEHR exemplifies this approach, completing seven strategic acquisitions including Trucker’s Lighthouse, Premier, L&W Emergency Outfitters, and Alaska Safety Inc., in a short timeframe. This aggressive, yet thoughtful add-on strategy, has transformed LEHR into a nationally recognized service company that specializes in police, emergency, utility, security and other government upfitting services.
Similarly, Upchurch – a plumbing, electrical, and HVAC platform company – has achieved remarkable growth through add-on acquisitions across North Texas, positioning the platform as a leader in its sector. Reroof Partners has also demonstrated strong momentum, with leadership support from partners helping to drive expansion in the residential roofing sector. These successes reflect Broadwing Capital’s disciplined investment playbook.
Beyond acquisitions, the founding partners’ track record speaks volumes to the rising firm. With over 70 acquisitions in the lower middle market, representing $900 million in equity invested, Co-founders and Managing Partners Eliot Kerlin and Andrew Boisseau bring over 35 years of combined private equity experience to Broadwing Capital. The entire leadership team brings more than 160 years of private equity value creation experience, with previous roles at distinguished firms, including CenterOak, Insight Equity, and Harren. This institutional expertise enables Broadwing Capital to operate with both rigor and agility.
Recognizing that exceptional talent drives exceptional outcomes, Broadwing Capital has deliberately expanded its team to support its ambitious growth and potential. For instance,
the 2025 addition of Will Rucker as Vice President brought expertise from Juggernaut Capital Partners, complemented by credentials from the University of Chicago Booth School of Business and University of Virginia’s McIntire School of Commerce. This hire, along with two new Associates, demonstrates Broadwing’s commitment to building an exceptional team of experts.
Broadwing’s rapid ascent has garnered significant industry attention. The firm earned a nomination for D CEO’s 2025 Mergers & Acquisitions Awards, recognizing its impact on the Dallas business community. Additionally, Broadwing Capital has cultivated thought leadership visibility through strategic media placements, podcast appearances, and earned media coverage in publications including Mergers & Acquisitions and various industry newsletters, establishing itself as a creditable source in the mid-market ecosystem.
In short, Broadwing Capital embodies exactly what a modern mid-market private equity firm should be: operationally focused, value-driven, and relentlessly committed to building platforms. Its combination of proven investment performance, rapid company growth, strategic team expansion, and emerging industry recognition makes it a compelling candidate for PEI’s Mid-Market Firm of the Year.
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