M&A Deal Summary

Beanfield Metroconnect Acquires Wesley Clover’s Eclipse Trading Turret Solutions

On June 7, 2022, Beanfield Metroconnect acquired communications company Wesley Clover’s Eclipse Trading Turret Solutions from Wesley Clover Solutions

Acquisition Highlights
  • This is Beanfield Metroconnect’s 4th transaction in the Communications sector.
  • This is Beanfield Metroconnect’s 1st transaction in the United States.
  • This is Beanfield Metroconnect’s 1st transaction in New York.

M&A Deal Summary
Date 2022-06-07
Target Wesley Clover’s Eclipse Trading Turret Solutions
Sector Communications
Buyer(s) Beanfield Metroconnect
Sellers(s) Wesley Clover Solutions
Deal Type Divestiture

Target

Wesley Clover’s Eclipse Trading Turret Solutions

New York, New York, United States
Wesley Clover’s Eclipse Trading Turret Solutions combines the functionality of traditional turret systems, the ease of use of desktop phones, and the latest touch screen technologies into one streamlined, cost-effective package.

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Buyer(S) 1

Buyer

Beanfield Metroconnect

Toronto, Ontario, Canada
Category Company
Founded 1988
Sector Communications
DESCRIPTION

Beanfield Technologies owns and operates a private fiber-optic network and provides comprehensive telecom services to over 700 commercial and residential buildings. Beanfield Technologies was founded in 1988 and is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 5
Sector (Communications) 4 of 5
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 FibreStream

Ottawa, Ontario, Canada

FibreStream is an independent Canadian Internet service provider (ISP) offering unlimited fiber-optic Internet, via its private fiber network, to condominium residents in the Greater Toronto Area, Ottawa, and Vancouver. FibreStream was founded in 2009 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Urbanfibre

Burnaby, British Columbia, Canada

Urbanfibre is a full-service telecommunications company with a private fibre network delivering service to commercial, residential and public sector customers under the Urbanfibre brand. The Company’s fibre optic network covers more than 210 kms across Southern British Columbia and was overbuilt to meet the exacting and mission critical needs of public sector, emergency services and enterprise customers. Urbanfibre is based in Burnaby, British Columbia.

Buy -

Seller(S) 1

SELLER

Wesley Clover Solutions

New York, New York, United States
Category Company
Founded 2006
Sector Communications
DESCRIPTION

Wesley Clover Solutions was formed to meet the growing demand from enterprises with mission-critical voice applications for expertise in managing the transition from legacy to next-generation voice communications. The company provides advanced voice communications platforms and systems to enterprises and public safety organizations. With these solutions, financial firms, command, and control, and emergency services centers maintain vital links with customers, partners, suppliers, and internal and in-field personnel at all times. Wesley Clover Solutions was formed in 2006 and is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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