M&A Deal Summary

Spectrum Global Solutions Acquires ADEX

On February 6, 2018, Spectrum Global Solutions acquired staffing company ADEX from InterCloud Systems for 5M USD

Acquisition Highlights
  • This is Spectrum Global Solutions’ 1st transaction in the Staffing sector.
  • This is Spectrum Global Solutions’ largest (disclosed) transaction.
  • This is Spectrum Global Solutions’ 2nd transaction in the United States.
  • This is Spectrum Global Solutions’ 1st transaction in Georgia.

M&A Deal Summary
Date 2018-02-06
Target ADEX
Sector Staffing
Buyer(s) Spectrum Global Solutions
Sellers(s) InterCloud Systems
Deal Type Divestiture
Deal Value 5M USD

Target

ADEX

Alpharetta, Georgia, United States
website
ADEX Corp. is a provider of an employment and staffing services for the Telecommunications industry, including installation, engineering, maintenance, Project Management, Testing of OSP and COE, Wireless Cellular Networks, voice and data convergence.

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Buyer(S) 1

Buyer

Spectrum Global Solutions

Longwood, Florida, United States

website

Category Company
Founded 2007
Sector Technology Hardware
Employees66
DESCRIPTION

Spectrum Global Solutions, Inc. is a developer and commercializes alternative energy technologies and services. The company specializing in Energy and Telecommunications across the US, Canada and Caribbean.

DEAL STATS #
Overall 2 of 3
Sector (Staffing) 1 of 1
Type (Divestiture) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 AW Solutions

Longwood, Florida, United States

AW Solutions, Inc. is an outsourced infrastructure service provider to the telecommunications industry. AWS provides comprehensive, single-source solutions to design, construct, implement, operate and maintain wireless, wireline, fiber optic and DAS multi-site networks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Telnet Solutions

Des Plaines, Illinois, United States

Telnet Solutions, Inc. design, installation, and maintenance of structured cabling system solutions to the enterprise market. Telnet Solutions, Inc. was founded in 2002 and is based in Des Plaines, Illinois.

Buy -

Seller(S) 1

SELLER

InterCloud Systems

Boca Raton, New Jersey, United States

website

Category Company
Sector Internet Software and Services
Employees241
Revenue 35M USD (2017)
DESCRIPTION

InterCloud Systems is a provider of value-added services for both corporate enterprises and service providers. The company offers cloud and managed services, professional consulting services and voice, data and optical solutions to assist its customers in meeting their changing technology demands.

DEAL STATS #
Overall 4 of 4
Sector (Staffing) 1 of 1
Type (Divestiture) 4 of 4
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 AW Solutions

Longwood, Florida, United States

AW Solutions, Inc. is an outsourced infrastructure service provider to the telecommunications industry. AWS provides comprehensive, single-source solutions to design, construct, implement, operate and maintain wireless, wireline, fiber optic and DAS multi-site networks.

Sell -
Mergr

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