M&A Deal Summary

AscendTek Acquires SatTel Services

On April 27, 2021, AscendTek acquired staffing company SatTel Services

Acquisition Highlights
  • This is AscendTek’s 1st transaction in the Staffing sector.
  • This is AscendTek’s 4th transaction in the United States.
  • This is AscendTek’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-04-27
Target SatTel Services
Sector Staffing
Buyer(s) AscendTek
Deal Type Add-on Acquisition
Advisor(s) Chinook Capital Advisors (Financial)

Target

SatTel Services

Tucson, Arizona, United States
SatTel Services is a full-service construction manager for telecommunications infrastructure projects primarily on the West Coast. SatTel Services provides consulting and staffing services. SatTel Services provides clients with staff augmentation services and the placement of professionals on a contract, contract-to-hire, and permanent placement basis. SatTel Services was founded in 1983 and is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

AscendTek

Cary, Illinois, United States
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 4 of 4
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Arizona) 1 of 1
Country (United States) 4 of 4
Year (2021) 2 of 2
PREVIOUS 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.

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