M&A Deal Summary

Constructel Acquires Verita

On May 3, 2024, Constructel acquired communications company Verita

Acquisition Highlights
  • This is Constructel’s 1st transaction in the Communications sector.
  • This is Constructel’s 1st transaction in the United States.
  • This is Constructel’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-05-03
Target Verita
Sector Communications
Buyer(s) Constructel
Deal Type Add-on Acquisition

Target

Verita

Plymouth, Michigan, United States
Verita is a turnkey telecommunications contractor offering a one-stop shop for the design and construction of telecommunications networks. The company currently provides single-source solutions for telecommunications providers such as AT&T, Verizon, Charter, Everstream Solutions, Comcast, T-Mobile, and Dish in several other states including Illinois, Michigan, Indiana, Missouri, and other areas in Ohio. Verita was founded in 2013 and is based in Plymouth, Michigan.

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Buyer(S) 1

Buyer

Constructel

Portes-lès-Valence, France
Category Company
Founded 2003
Sector Communications
DESCRIPTION

Constructel is the telecommunications arm of Grupo Visabeira and is headquartered in France. It is a provider of telecommunication network infrastructure engineering with operations throughout Europe and Africa.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-19 M.J. Quinn Integrated Services

Liverpool, United Kingdom

MJ Quinn is a Liverpool-based infrastructure services business providing electrical, mechanical and fire protection services to the London Underground and rail sector. In addition, the company serves clients such as health trusts, the MoD and universities, offering electrical, security, fire and mechanical maintenance and air conditioning service lines.

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