M&A Deal Summary

Bluewave Acquires ForesTel

On May 29, 2024, Bluewave acquired communications company ForesTel

Acquisition Highlights
  • This is Bluewave’s 3rd transaction in the Communications sector.
  • This is Bluewave’s 10th transaction in the United States.
  • This is Bluewave’s 1st transaction in Oregon.

M&A Deal Summary

Date 2024-05-29
Target ForesTel
Sector Communications
Buyer(s) Bluewave
Deal Type Add-on Acquisition

Target

ForesTel

West Linn, Oregon, United States
ForesTel is a telecommunications solutions provider that offers a comprehensive range of services, including Voice, Data, Cloud, Colo, and Security. The company serves over 700 commercial clients across North America and internationally, focusing on crafting tailored solutions to meet clients' needs. ForesTel was formed in 1989 and is based in West Linn, Oregon.

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Buyer(S) 1

Buyer

Bluewave

Parsippany, New Jersey, United States

Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

Bluewave is a premier technology advisory and lifecycle management company with a comprehensive approach to optimizing clients’ ability to grow revenue, reduce costs, and improve efficiency. Bluewave streamlines the technology buying and management process for businesses of all sizes across the United States with four key services: Technology Evaluation, Strategic Sourcing, Expense Management, and Operations Support. Specializing in modernizing the IT and telecom infrastructure, Bluewave partners with proven cloud, network, security, and collaboration service providers to develop the best solution while maximizing the clients’ technology investment. Bluewave was founded in 2016 and is based in Parsippany, New Jersey.


DEAL STATS #
Overall 10 of 11
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 10 of 11
State (Oregon) 1 of 1
Country (United States) 10 of 11
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 RCG

Franklin, Tennessee, United States

RCG is a telecommunications advisory agency, providing comprehensive telecom lifecycle management services. RCG was founded in 2004 and is based in Franklin, Tennessee

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 Comtel Group

Needham, Massachusetts, United States

Comtel Group is a technology consulting firm that specializes in technology advisory and sourcing, helping businesses select the right technology vendors. Comtel Group provides services such as cloud sourcing, global connectivity, and procurement. Comtel Group was founded in 1990 and is based in Needham, Massachusetts.

Buy -