M&A Deal Summary

Crestone Services Group Acquires Trace Technologies

On January 4, 2021, Crestone Services Group acquired communications company Trace Technologies

Acquisition Highlights
  • This is Crestone Services Group’s 1st transaction in the Communications sector.
  • This is Crestone Services Group’s 4th transaction in the United States.
  • This is Crestone Services Group’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2021-01-04
Target Trace Technologies
Sector Communications
Buyer(s) Crestone Services Group
Deal Type Add-on Acquisition

Target

Trace Technologies

Tulsa, Oklahoma, United States
Trace Technologies is a telecom infrastructure provider building the next-generation wireless network. The company combines 5G fiber installation with ongoing maintenance for the nation's leading wireless carriers. In recent years, the increasing demand for bandwidth has led to Trace's significant growth. It has completed projects across the country and built a solid reputation with fiber infrastructure owners. Trace Technologies is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Crestone Services Group

Denver, Colorado, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Crestone Services Group LLC is a regional provider of specialty infrastructure solutions to utility and communications owners. The company's skilled workforce performs the safe, efficient and high-quality installation of electric, gas and communications infrastructure.

DEAL STATS #
Overall 4 of 9
Sector (Communications) 1 of 5
Type (Add-on Acquisition) 4 of 9
State (Oklahoma) 1 of 1
Country (United States) 4 of 9
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 RECC Wireless

Longmont, Colorado, United States

Rilo Electric & Communications Construction LLC is a builder of wireless networks specializing in turnkey tower construction and maintenance. Rilo Electric & Communications Construction was founded in 2000 and is based in Longmont, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Diversified Solutions

Phoenix, Arizona, United States

Formed in 2014, Diversified Solutions, Inc. is a service provider building the next-generation communications network in Arizona, Idaho, and Montana. The company provides horizontal directional drilling, fiber optic cable installation, and utility cable installation.

Buy -
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