M&A Deal Summary

Greenhall Capital Partners and Fvlcrum Acquire Johnson Communications

On February 3, 2025, private equity firms Greenhall Capital Partners and Fvlcrum acquired communications company Johnson Communications

Acquisition Highlights
  • This is Greenhall Capital Partners’ 1st and Fvlcrum’s 1st transaction in the Communications sector.
  • This is Greenhall Capital Partners’ 1st and Fvlcrum’s 4th transaction in the United States.
  • This is Greenhall Capital Partners’ 1st and Fvlcrum’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-02-03
Target Johnson Communications
Sector Communications
Buyer(s) Greenhall Capital Partners
Fvlcrum
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Founders Advisors (Financial)

Target

Johnson Communications

Alvarado, Texas, United States
Johnson Communications is a digital infrastructure wireless service provider that specializes in rural fiber-optic telecom deployment. Johnson Communications was founded in 2000 and is based in Alvarado, Texas.

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Buyer(S) 2

DESCRIPTION

Greenhall Capital Partners is an operationally focused private equity firm that acquires controlling equity interests in middle-market, mission-critical and essential-services companies. Greenhall considers a variety of transaction scenarios, including control buyouts, corporate carve-outs, and growth-driven add-on acquisitions. Its core sectors of interest are business services, technology/media/telecommunications (TMT), and industrials. Target companies typically possess stable cash flows and capable leadership teams. Greenhall Capital Partners was formed in 2012 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
DESCRIPTION

Fvlcrum is a private equity firm focused on acquiring lower-middle market businesses across the US. The Firm seeks control investments in companies with up to $15 million in EBITDA, defensible market positions, and highly scalable business models. Fulcrum invests in the government contracting, business services, and healthcare sectors in a variety of transactions including transitions, growth, buyouts, and divestitures. Fvlcrum was established in 2013 and is based in Rockville, Maryland.


DEAL STATS #
Overall 4 of 5
Sector: Communications M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: Texas M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-25 Burrell

Chicago, Illinois, United States

Burrell is an agency specializing in communications to diverse audiences. The agency boasts a roster of premiere, blue-chip clients that lead in their respective categories, including McDonald's, Toyota, Comcast, Fidelity, Coca-Cola, FIFCO, and the American Red Cross. Burrell was founded in 1971 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-25 Federal EC

Woodstock, Georgia, United States

Federal EC is a trenchless-pipe specialist providing a full suite of services, including pipe and storm drain rehabilitation, trenchless pipe lining, utility construction and repair, sinkhole remediation, pipe inspections, and hydro jetting. The company brings together experienced engineers and technicians to serve municipalities, industrial, commercial, and residential clients across Atlanta, Charlotte, North Carolina, and the broader Southeast. Their focus is on delivering innovative, minimally disruptive solutions for underground infrastructure challenges. Federal EC is based in Woodstock, Georgia.

Buy -