M&A Deal Summary

Crestview Partners Acquires Congruex

On May 8, 2017, private equity firm Crestview Partners acquired business services company Congruex

Acquisition Highlights
  • This is Crestview Partners’ 2nd transaction in the Business Services sector.
  • This is Crestview Partners’ 25th transaction in the United States.
  • This is Crestview Partners’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2017-05-08
Target Congruex
Sector Business Services
Buyer(s) Crestview Partners
Deal Type Consolidation
Advisor(s) Lazard Ltd. (Financial)

Target

Congruex

Boulder, Colorado, United States
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.

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Buyer(S) 1

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 33 of 55
Sector (Business Services) 2 of 3
Type (Consolidation) 1 of 4
State (Colorado) 2 of 4
Country (United States) 25 of 44
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-21 Select Water Solutions

Houston, Texas, United States

Select Water Solutions is a provider of oil and gas service company, with a focus on being a solutions provider for its customers. Select offers an array of services and supplies, providing wellsite solutions to oil and gas producers in Texas, Oklahoma, Arkansas, Louisiana, Colorado, Pennsylvania and West Virginia. Select's companies offer wellsite rentals and accommodations, water management operations, pipeline construction, rig logistics, heavy haul services and wellsite construction. Select Water Solutions was founded in 2016 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 WideOpenWest

Englewood, Colorado, United States

WideOpenWest is a provider of high-speed Internet, cable TV, and phone serving communities in the U.S. WOW's operating philosophy is to deliver an employee and customer experience that lives up to its name. WideOpenWest was founded in 2001 and is based in Englewood, Colorado.

Sell -
Mergr

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