M&A Deal Summary

AscendTek Acquires Communication Builders

On June 1, 2020, AscendTek acquired infrastructure company Communication Builders

Acquisition Highlights
  • This is AscendTek’s 2nd transaction in the Infrastructure sector.
  • This is AscendTek’s 2nd transaction in the United States.
  • This is AscendTek’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-06-01
Target Communication Builders
Sector Infrastructure
Buyer(s) AscendTek
Deal Type Add-on Acquisition

Target

Communication Builders

Carol Stream, Illinois, United States
website
Communication Builders is a general contracting company that provides telecommunication services. CBI has focused on delivering professional, reliable work for a broad range of customers including wireless carriers, broadcasters, local municipalities, public works, and others. The company provides quality results in site installation, modification, technical services, maintenance, structural enhancements, and more. CBI was formed in 1998 and is based in Carol Stream, Illinois.

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Buyer(S) 1

Buyer

AscendTek

Cary, Illinois, United States

website

Category Company
Founded 2019
Sector Business Services
DESCRIPTION

AscendTek provides project management and execution services to maintain, service, and construct telecommunications infrastructure. AscendTek was formed in 2019 and is based in Cary, Illinois.

DEAL STATS #
Overall 2 of 4
Sector (Infrastructure) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (Illinois) 1 of 2
Country (United States) 2 of 4
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Sky Telecom

Woodstock, Georgia, United States

Sky Telecom provides cell tower erection with a focus on safety, productivity, and quality in Georgia and across the southeast region. Sky Telecom was formed in 2016 and is based in Woodstock, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Sru Electric

Cary, Illinois, United States

Sru Electric is a full-service contractor that provides all levels of management, logistics, labor, and specialized services for communications infrastructure industries. SRU Electric primarily focuses on raw land, line and antenna work, and vendor management projects. Sru Electric was founded in 2005 and is based in Cary, Illinois.

Buy -
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