M&A Deal Summary

Glotel Acquires Arete Development

On February 6, 2015, Glotel acquired construction company Arete Development

Acquisition Highlights
  • This is Glotel’s 1st transaction in the Construction sector.
  • This is Glotel’s 1st transaction in the United States.
  • This is Glotel’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-02-06
Target Arete Development
Sector Construction
Buyer(s) Glotel
Deal Type Add-on Acquisition

Target

Arete Development

Fairfield, New Jersey, United States
Arete Development, Inc. is a wireless contractor specializing in the construction, modification and maintenance of telecommunications facilities for major cellular service providers, wireless equipment manufacturers, turf vendors and tower companies.

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Buyer(S) 1

Buyer

Glotel

Chicago, Illinois, United States
Category Company
Founded 1989
Sector Information Technology
DESCRIPTION

Glotel provides mobility operations, expansion and integration services to many of the top mobile communication providers and contractors throughout the United States.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
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