M&A Deal Summary

GridSource Acquires WiseConnect

On March 21, 2023, GridSource acquired communications company WiseConnect from C3 Capital

Acquisition Highlights
  • This is GridSource’s 1st transaction in the Communications sector.
  • This is GridSource’s 1st transaction in the United States.
  • This is GridSource’s 1st transaction in Kansas.

M&A Deal Summary

Date 2023-03-21
Target WiseConnect
Sector Communications
Buyer(s) GridSource
Sellers(s) C3 Capital
Deal Type Add-on Acquisition

Target

WiseConnect

Overland Park, Kansas, United States
WiseConnect is a provider of technical personnel involved in the installation of telecommunications equipment and cable and satellite service to customers in the United States. WiseConnect was founded in 2010 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

GridSource

Baton Rouge, Louisiana, United States

Category Company
Sector Construction
DESCRIPTION

GridSource is a contractor that specializes in infrastructure solutions for the telecom and gas industries. GridSource offers a broad suite of services, including outside plant fiber construction, aerial and underground capabilities, inside plant network construction, gas distribution services, underground electrical services, and contract design and engineering. GridSource is based in Baton Rouge, Louisiana.


DEAL STATS #
Overall 1 of 3
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
State: Kansas M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2023 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Accelerated

Gulf Breeze, Florida, Yemen

Accelerated is a telecommunications infrastructure solutions company that installs and maintains underground and aerial fiber networks for some of the nation’s largest Internet Service Providers (ISPs), supporting the continued rollout of fiber as a replacement to coaxial cable and copper wiring. The Company provides ongoing repair, maintenance, and upgrade services to support existing infrastructure, as well as new network builds for ISPs, utilities, and commercial customers. Accelerated was founded in 2008 and is based in Gulf Breeze, Florida.

Buy -

Seller(S) 1

SELLER

C3 Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1994
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

C3 Capital is a private investment firm that provides capital for later-stage growth, strategic acquisitions, ownership transitions, and recapitalizations. The Firm typically invests in the form of subordinated debt or preferred equity and can commit between $3 and $15 million in businesses with at least $2 million of EBITDA. Target sectors include chemicals, plastics, energy, business services, distribution, and high value-added manufacturing. C3 does not seek a controlling interest when pursuing investments. C3 will not invest in real estate, oil/gas exploration, or financial institutions. C3 Capital is based in Kansas City, Missouri.


DEAL STATS #
Overall 22 of 25
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 10
State: Kansas M&A 4 of 4
Country: United States M&A 22 of 25
Year: 2023 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Warne Scope Mounts

Tualatin, Oregon, United States

Warne Scope Mounts is a designer and manufacturer of an extensive range of quick-detachable and fixed scope mounting systems for firearms. Warne Scope Mounts was founded in 1991 and is based in Tualatin, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-18 Accel Research Sites

Lake Mary, Florida, United States

Accel Research Sites is a multi-therapeutic network of clinical research sites dedicated to the expert delivery of treatment options to patients and providers. Accel Research Sites partners with innovative and significant pharmaceutical, biotechnology, and medical device companies in the world to advance healthcare and wellness in the communities it serves. Accel Research Sites was founded in 1998 and is based in Lake Mary, Florida.

Sell -