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  6. FTE Networks Acquires Benchmark Builders

M&A Deal Summary

FTE Networks Acquires Benchmark Builders

On March 9, 2017, FTE Networks acquired construction company Benchmark Builders for 75M USD

Acquisition Highlights
  • This is FTE Networks’ 1st transaction in the Construction sector.
  • This is FTE Networks’ largest (disclosed) transaction.
  • This is FTE Networks’ 2nd transaction in the United States.
  • This is FTE Networks’ 1st transaction in New York.

M&A Deal Summary
Date 2017-03-09
Target Benchmark Builders
Sector Construction
Buyer(s) FTE Networks
Deal Type Add-on Acquisition
Deal Value 75M USD
Advisor(s) Pryor Cashman (Legal)

Target

Benchmark Builders

New York, New York, United States
Benchmark Builders, Inc. is a construction manager and general contractor serving a diverse and sophisticated client base in the telecommunications, commercial, industrial, broadcast, technology, infrastructure, healthcare, and education industries. Benchmark Builders was formed in 2008 and is New York, New York.

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Buyer(S) 1

Buyer

FTE Networks

Naples, Florida, United States
Category Company
Sector Information Technology
DESCRIPTION

FTE Networks is a provider of network infrastructure solutions company for Fortune 500 companies in the technology and telecommunications space. FTE Networks is based in Naples, Flordia.

DEAL STATS #
Overall 2 of 2
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Midwest Underground Solutions

Missouri, United States

Midwest Underground Solutions LLC is specializing in directional boring and fiber optic installations.

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