M&A Deal Summary

InfraServices Acquires VelociTel

On December 5, 2017, InfraServices acquired business services company VelociTel from Vision Capital, Willis Stein & Partners and Landmark Partners

Acquisition Highlights
  • This is InfraServices’ 1st transaction in the Business Services sector.
  • This is InfraServices’ 1st transaction in the United States.
  • This is InfraServices’ 1st transaction in Virginia.

M&A Deal Summary

Date 2017-12-05
Target VelociTel
Sector Business Services
Buyer(s) InfraServices
Sellers(s) Vision Capital
Willis Stein & Partners
Landmark Partners
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

VelociTel

Arlington, Virginia, United States
VelociTel LLC is a provider of an outsourced professional infrastructure services to the wireless communications industry, including tower owners, wireless carriers and the public safety market. VelociTel provides a suite of turnkey services focused on wireless towers and rooftop sites, including radio frequency engineering and network optimization, site acquisition and development; architecture and engineering, construction management, maintenance, and site health and safety solutions.

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Buyer(S) 1

Buyer

InfraServices

Blue Bell, Pennsylvania, United States

Category Company
Sector Communications
DESCRIPTION

InfraServices provides infrastructure services to the telecommunications industry across the United States. The Company offers engineering, program management, and disaster recovery services, supporting clients from project design through completion. InfraServices serves major telecom carriers through its network of service locations across North America. The Company was founded in 2006 and is headquartered in suburban Blue Bell, Pennsylvania.


DEAL STATS #
Overall 1 of 12
Sector: Business Services M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 11
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 11
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 NX Canada

Quebec, Canada

NX Canada is a provider of telecommunications installation and engineering services, including coaxial and fiber optic services, repair and maintenance, sweep and certification services, noise reduction and plant hardening services. It serves a large and diverse customer base in the Canadian market.

Buy -

Seller(S) 3

SELLER

Vision Capital

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Vision Capital is a large private equity firm focused on control investments in companies located in Europe and the US. Vision targets equity and debt investments in profitable businesses valued from €50 million to €1 billion. Specific areas of interest include financial services, real estate, industrial, manufacturing, consumer and business services. Target transaction types include buyouts and corporate divestitures/spinoffs. In addition to its principal investment activity, Vision Capital's Principal Finance group provides financing to other investors or company owners to support growth initiatives, debt repayment, acquisitions, or investor liquidity. Vision Capital was formed in 1997 and is based in London.


DEAL STATS #
Overall 27 of 31
Sector: Business Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 10 of 10
State: Virginia M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2017 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Strategic Materials

Houston, Texas, United States

Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Service Companies

Miami, Florida, United States

Service Companies is a provider of managed services, food and beverage staffing, and specialty cleaning services for the hospitality and gaming industries. Service Companies operates nationally, providing services ranging from turn-key housekeeping and stewarding services to EVS cleaning of public areas, kitchens, windows, and chandeliers to fully trained staffing services. Service Companies was founded in 1987 and is based in Miami, Florida.

Sell -
SELLER

Willis Stein & Partners

Northbrook, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Willis Stein & Partners is a private equity firm focused on investing in growth-oriented, US-based, middle-market companies valued between $30 and $500 million. Prospective investment situations include buyouts, growth capital financings, corporate divestitures, industry consolidations, and generational changes in ownership. Sectors of interest include business services, consumer products and services, healthcare, manufacturing, media, and telecommunications. Willis Stein & Partners was formed in 1994 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 46 of 47
Sector: Business Services M&A 8 of 8
Type: Add-on Acquisition M&A Deals 6 of 6
State: Virginia M&A 2 of 2
Country: United States M&A 46 of 47
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Strategic Materials

Houston, Texas, United States

Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Education of America

Birmingham, Alabama, United States

Education Corporation of America, Inc. is an operator of post-secondary schools. Education Corporation of America is the holding company of Virginia College is a for-profit, nationally accredited post-secondary education provider to approximately 18,000 students. Virginia College has a presence in 25 markets and the Internet.

Sell -
SELLER

Landmark Partners


Category Secondary Investor
Founded 1989
PE ASSETS 15.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Landmark Partners is now a part of Ares Management Corporation.


DEAL STATS #
Overall 3 of 5
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Strategic Materials

Houston, Texas, United States

Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 Perstorp

Malmo, Sweden

Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden.

Buy -