M&A Deal Summary

Connectivity Wireless Solutions Acquires Neutral Connect Networks

On March 25, 2019, Connectivity Wireless Solutions acquired communications company Neutral Connect Networks from M/C Partners

Acquisition Highlights
  • This is Connectivity Wireless Solutions’ 1st transaction in the Communications sector.
  • This is Connectivity Wireless Solutions’ 1st transaction in the United States.
  • This is Connectivity Wireless Solutions’ 1st transaction in Florida.

M&A Deal Summary

Date 2019-03-25
Target Neutral Connect Networks
Sector Communications
Buyer(s) Connectivity Wireless Solutions
Sellers(s) M/C Partners
Deal Type Merger

Target

Neutral Connect Networks

West Palm Beach, Florida, United States
website
Neutral Connect Networks is an independent owner and operator of wireless communications infrastructure. Neutral Connect Networks primary focus is building and operating multi-carrier neutral host DAS and small cell networks in venues and buildings throughout North America. Neutral Connect Networks was established in 2011 and is headquartered in West Palm Beach, Florida.

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Buyer(S) 1

Buyer

Connectivity Wireless Solutions

Duluth, Georgia, United States

website


Category Company
Founded 2008
Sector Communications
DESCRIPTION

Connectivity Wireless Solutions is a provider of wireless solutions to enterprise and wireless service provider customers throughout the U.S. Connectivity Wireless offers highly valued solutions to wireless carriers along with advanced, scalable wireless networks to building owners who understand the importance of creating the best possible wireless experience for their customers today and in the future. Connectivity Wireless Solutions was established in 2008 and is based in Duluth, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $5 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.


DEAL STATS #
Overall 27 of 31
Sector (Communications) 19 of 20
Type (Merger) 1 of 2
State (Florida) 3 of 3
Country (United States) 22 of 26
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Connectivity Wireless Solutions

Duluth, Georgia, United States

Connectivity Wireless Solutions is a provider of wireless solutions to enterprise and wireless service provider customers throughout the U.S. Connectivity Wireless offers highly valued solutions to wireless carriers along with advanced, scalable wireless networks to building owners who understand the importance of creating the best possible wireless experience for their customers today and in the future. Connectivity Wireless Solutions was established in 2008 and is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Ascend Technologies

Chicago, Illinois, United States

Ascend Technologies is a run-of-the-mill managed services provider that helps business leaders make IT investments with confidence, eliminates cybersecurity threats, meets the needs of the business, and optimizes user productivity. Businesses endure, grow, and innovate on a foundation of efficiently run core IT systems. Ascend makes technology the catalyst for business expansion. Ascend Technologies was founded in 2020 and is based in Chicago, Illinois.

Buy -