M&A Deal Summary

Centerline Communication Acquires STC Netcom

On March 10, 2022, Centerline Communication acquired engineering company STC Netcom from Saratoga Partners

Acquisition Highlights
  • This is Centerline Communication’s 1st transaction in the Engineering sector.
  • This is Centerline Communication’s 1st transaction in the United States.
  • This is Centerline Communication’s 1st transaction in California.

M&A Deal Summary

Date 2022-03-10
Target STC Netcom
Sector Engineering
Buyer(s) Centerline Communication
Sellers(s) Saratoga Partners
Deal Type Add-on Acquisition

Target

STC Netcom

Fontana, California, United States
website
STC Netcom is a provider for the engineering and technical support service wireless industry. STC's offers include manufacturers of wireless equipment, paging carriers, cellular, PCS, and satellite companies, regional Bell companies, interconnect companies and wireless internet service providers. STC Netcom is based in Fontana, California.

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Buyer(S) 1

Buyer

Centerline Communication

West Bridgewater, Massachusetts, United States

website


Category Company
Founded 2006
Sector Communications
DESCRIPTION

Centerline Communication provides turnkey wireless telecommunications infrastructure services to carriers, equipment suppliers, and tower operators. Services include project management and real estate services, outsourced maintenance services for HVAC and generator units at wireless sites, and general construction services including installation and equipment modification. Centerline provides services across the U.S., with a particularly strong presence in the Northeast and Mid-Atlantic markets. Centerline Communication was founded in 2006 and is based in West Bridgewater, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 PPT

Sainte-Catherine, Quebec, Canada

PPT is a wireless network and infrastructure services company in Canada that provides line and antenna services to major Canadian telecom companies, including Bell Mobility, Rogers Communications, Telus, and Videotron. The company aims to provide additional services, such as wireline and engineering services to its blue-chip customer base and will partner with Centerline to execute this strategy. PPT is based in Sainte-Catherine, Quebec.

Buy -

Seller(S) 1

SELLER

Saratoga Partners

New York, New York, United States

Investor

website


Category Merchant Bank
Founded 1998
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saratoga Partners is an independent private equity firm focused on investments in partnership with management in the manufacturing, business services and media and telecommunications industries. Saratoga pursues businesses valued from $50 to $400 million and generally acts as the lead investor. Target companies typically have leading market positions and operate in defensible niches with provide proprietary products. Prospective transaction situations include corporate buyouts, consolidations, and divestitures. Saratoga Partners dates back to 1984 and became independent in 1998. The Firm is based in New York City.


DEAL STATS #
Overall 16 of 16
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (California) 4 of 4
Country (United States) 16 of 16
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 LTI

Baldwin Park, California, United States

LTI is a developer, manufacturer, and sells specialty discharge lamps to industrial and theatrical OEM customers and distribution partners worldwide. LTI's xenon and mercury xenon lamps provide very high intensity, pinpoint sources of light for specific user applications, including cinema and video projection, exhibition and architectural lighting, and medical and industrial applications. LTI was founded in 1999 and is based in Baldwin Park, California.

Sell -