M&A Deal Summary

Tower Arch Capital Acquires S&N Communications

On December 5, 2023, private equity firm Tower Arch Capital acquired construction company S&N Communications

Acquisition Highlights
  • This is Tower Arch Capital’s 1st transaction in the Construction sector.
  • This is Tower Arch Capital’s 17th transaction in the United States.
  • This is Tower Arch Capital’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2023-12-05
Target S&N Communications
Sector Construction
Buyer(s) Tower Arch Capital
Deal Type Recapitalization
Advisor(s) Tuggle Duggins (Legal)

Target

S&N Communications

Louisa, Virginia, United States
website
S&N Communications is a specialty infrastructure services provider primarily focused on maintenance, repair, upgrade, and new construction services for communications and electric utilities infrastructure. S&N Communications was formed in 1977 and is based in Louisa, Virginia.

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Buyer(S) 1

DESCRIPTION

Tower Arch Capital is a lower middle-market private equity firm focused on partnering with and growing family and entrepreneur-owned companies. Tower Arch seeks US-based companies with $20 to $150 million in revenue and up to $30 million of EBITDA. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Tower Arch Capital was formed in 2013 and is based in Draper, Utah.


DEAL STATS #
Overall 17 of 17
Sector (Construction) 1 of 1
Type (Recapitalization) 16 of 16
State (Virginia) 2 of 2
Country (United States) 17 of 17
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-30 TD&I

Lakeland, Minnesota, United States

TD&I provides directional drilling, trenching, and other related infrastructure services for installing and maintaining fiber optic networks and other critical infrastructure. Its customers include national, regional, and local telecom providers, utility cooperatives, tech companies, and municipalities. TD&I was formed in 1987 and is based in Lakeland, Minnesota.

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