M&A Deal Summary

Congruex Acquires Matrix Engineering

On October 15, 2021, Congruex acquired electrical equipment company Matrix Engineering

Acquisition Highlights
  • This is Congruex’s 1st transaction in the Electrical Equipment sector.
  • This is Congruex’s 11th transaction in the United States.
  • This is Congruex’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2021-10-15
Target Matrix Engineering
Sector Electrical Equipment
Buyer(s) Congruex
Deal Type Add-on Acquisition
Advisor(s) Ice Miller (Legal)

Target

Matrix Engineering

Schaumburg, Illinois, United States
Matrix Engineering is a comprehensive provider of offerings for network operators including design and engineering, outside plant construction, fiber splicing, circuit testing, and network activation. Matrix Engineering is based in Schaumburg, Illinois.

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Buyer(S) 1

Buyer

Congruex

Boulder, Colorado, United States
Category Company
Founded 2016
Sector Business Services
DESCRIPTION

Congruex is comprised of seasoned industry executives bringing together major engineering and construction companies across the U.S. Congruex is building a company with unique capabilities ranging from network development, engineering, construction, and operations. Congruex was founded in 2016 and is based in Boulder, Colorado.

DEAL STATS #
Overall 11 of 14
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 11 of 14
State (Illinois) 2 of 2
Country (United States) 11 of 14
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 A&M Communications

Boring, Oregon, United States

A&M Communications is an end-to-end provider of wireless telecommunications solutions with key service offerings including the installation and maintenance of cell tower equipment. A&M Communications is based in Boring, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 OVE

Lebanon, Ohio, United States

OVE is a commercial excavation company that services the fiber telecommunications and utility industries with installation and maintenance for underground electrical, communications, pipe, and structural placements. OVE was founded in 2004 and is based in Lebanon, Ohio.

Buy -
Mergr

Product

Company

Legal