M&A Deal Summary

COMSovereign Acquires Fastback Networks

On August 24, 2020, COMSovereign acquired communications company Fastback Networks

Acquisition Highlights
  • This is COMSovereign’s 2nd transaction in the Communications sector.
  • This is COMSovereign’s 3rd transaction in the United States.
  • This is COMSovereign’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2020-08-24
Target Fastback Networks
Sector Communications
Buyer(s) COMSovereign
Deal Type Add-on Acquisition

Target

Fastback Networks

Boulder, Colorado, United States
Skyline Technology Partners LLC enable network operators to expand and enhance services, and private networks to secure, monitor, and manage operations via high capacity data connectivity. Skyline Technology Partners is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

COMSovereign

Tucson, Arizona, United States
Category Company
Founded 2014
Sector Communications
Employees25
Revenue 10M USD (2022)
DESCRIPTION

COMSovereign has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G-NR telecom solutions to network operators and enterprises. ComSovereign was founded in 2014 and is headquartered in Tucson, Arizona.

DEAL STATS #
Overall 3 of 9
Sector (Communications) 2 of 4
Type (Add-on Acquisition) 3 of 8
State (Colorado) 2 of 2
Country (United States) 3 of 6
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-19 Fast Plastics Parts

Colorado Springs, Colorado, United States

Fast Plastics Parts is a manufacturing company that houses a full-production machine shop, a comprehensive line of state-of-the-art plastic injection molding machinery as well as light-assembly fulfillment and packaging lines serving customers 24x7.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Sky Sapience

Yokneam, Israel

Sky Sapience is a provider of tethered hovering platforms which are field-proven worldwide. The company's flagship product series, the HoverMast tethered hovering platform, offers an exceptional size-to-payload ratio, visibility, durability, and stability in all weather and light conditions. Sky Sapience was founded in 2010 and is based in Yokneam, Israel.

Buy $13M
Mergr

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