M&A Deal Summary

BAI Communications Acquires ZenFi Networks

On July 26, 2022, BAI Communications acquired communications company ZenFi Networks from Ridgemont Equity Partners

Acquisition Highlights
  • This is BAI Communications’ 4th transaction in the Communications sector.
  • This is BAI Communications’ 3rd transaction in the United States.
  • This is BAI Communications’ 1st transaction in New York.

M&A Deal Summary

Date 2022-07-26
Target ZenFi Networks
Sector Communications
Buyer(s) BAI Communications
Sellers(s) Ridgemont Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Bank Street (Financial)
Alston & Bird (Legal)

Target

ZenFi Networks

Long Island City, New York, United States
Zenfi Networks is a communications provider that designs, constructs and maintains its own fiber optic network infrastructure, allowing it to provide reliable, high bandwidth and low latency service to its enterprise, carrier and government customers. Zenfi Networks was founded in 2013 and is based in Long Island City, New York.

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Buyer(S) 1

Buyer

BAI Communications

Chatswood, Australia

Category Company
Sector Communications
DESCRIPTION

BAI Communications designs, builds and operates highly available communications networks – broadcast, radio, cellular, Wi-Fi – for our customers across the globe.


DEAL STATS #
Overall 4 of 4
Sector (Communications) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Vilicom

Reading, United Kingdom

Vilicom is a provider of high-performance 4G and 5G mobile and cellular coverage solutions, with over 1,500 solutions deployed to date. The Company provides a range of specialist wireless services including consultancy, design, optimisation, testing and systems integration to support the delivery of private, indoor and offshore networks. Customers span a range of sectors including healthcare, real-estate, retail, hospitality, energy, and mobile network operators. Vilicom was founded in 1999 and is based in Reading, England.

Buy -

Seller(S) 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 88 of 91
Sector (Communications) 8 of 9
Type (Add-on Acquisition) 34 of 36
State (New York) 3 of 3
Country (United States) 77 of 80
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 Crete United

Charlotte, North Carolina, United States

Crete United is a provider of HVAC, electrical, plumbing, and building automation services to commercial, industrial, multi-family, government, healthcare, education, and other end markets. Crete United is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 RoadOne IntermodaLogistics

Randolph, Massachusetts, United States

RoadOne IntermodaLogistics is a provider of intermodal transportation solutions for domestic and international shippers. RoadOne IntermodaLogistics was founded in 1996 and is based in Randolph, Massachusetts.

Buy -