M&A Deal Summary

NextEdge Acquires Tachyon

On July 7, 2021, NextEdge acquired communications company Tachyon from Tenth Street Capital and MSouth Equity Partners

Acquisition Highlights
  • This is NextEdge’s 1st transaction in the Communications sector.
  • This is NextEdge’s 2nd transaction in the United States.
  • This is NextEdge’s 1st transaction in Georgia.

M&A Deal Summary

Date 2021-07-07
Target Tachyon
Sector Communications
Buyer(s) NextEdge
Sellers(s) Tenth Street Capital
MSouth Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

Tachyon

Roswell, Georgia, United States
Tachyon provides design, construction, optimization, and maintenance services for owners and operators of fiber and wireless network infrastructure. The Company's principal service markets include the Southeastern and Southwestern United States, with targeted customer programs in other regions. Tachyon was founded in 2007 and is based in Roswell, Georgia.

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Buyer(S) 1

Buyer

NextEdge

San Francisco, California, United States

Category Company
Sector Communications
DESCRIPTION

NextEdge is a 5G infrastructure services company that focuses on identifying, designing, engineering, constructing, installing, and maintaining 5G small cell networks. The Company has deployed thousands of wireless telecommunications facilities in the most challenging municipalities in the Western United States. NextEdge is based in San Francisco, California.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Spectrum

Las Vegas, Nevada, United States

Spectrum is a provider of wireless infrastructure services across the telecommunications field services industry. Spectrum primarily operates in the Southwestern U.S. The company was founded in Nevada in 1994 and has 5 regional offices.

Buy -

Seller(S) 2

SELLER

Tenth Street Capital

Chattanooga, Tennessee, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tenth Street Capital is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. The Firm provides mezzanine and equity co-investments to profitable businesses with strong market positions and diverse customers. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital was formed in 2005 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 20 of 21
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 8 of 9
State (Georgia) 2 of 2
Country (United States) 20 of 21
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Superior Pipeline Services

Fort Worth, Texas, United States

Superior Pipeline Services is a provider of post-drilling pipeline services for oil and gas exploration companies and energy producers in the Greater Dallas, Fort Worth, Texas region. The company provides pipeline construction, gas maintenance, and around-the-clock emergency repair services to both oil and natural gas producers. Other services include gas distribution services, custom fabrication, pipeline installation, construction of containment rings, installation of pipeline metering facilities, sandblasting, painting, and full site cleanup. Superior Pipeline Services was founded in 2001 and is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Sunbelt Packaging

York, South Carolina, United States

Sunbelt Packaging is a provider of industrial packaging, strapping, and thread supplies and equipment. Sunbelt sells products to industrial and commercial end-users that manufacture, transport, or store products, in industries that include general manufacturing, food production, and mining. Sunbelt Packaging was founded in 1980 and is based in York, South Carolina.

Sell -
SELLER

MSouth Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

MSouth Equity Partners is a private equity firm focused on mid-sized company investments and acquisitions valued between $25 and $250 million. The Firm prefers opportunities in Southern US and looks to commit $25 to $100 million per transaction. Sectors of interest include distribution, business services, media, telecom, and specialty manufacturing. MSouth is the successor to private equity firm, Cravey, Green & Wahlen, Inc. which was founded in 1984. MSouth Equity Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 26 of 31
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 8 of 10
State (Georgia) 12 of 14
Country (United States) 26 of 31
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Summit Spine & Joint Centers

Lawrenceville, Georgia, United States

Summit Spine & Joint Centers operates ambulatory surgery centers and pain management clinics in the greater Atlanta area. Summit provides interventional pain management treatment to patients who suffer from chronic pain symptoms. Summit Spine & Joint Centers was founded in 2014 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 TRP Infrastructure Services

Fort Worth, Texas, United States

TRP Infrastructure Services is a provider of thermoplastic striping, painting and markers, rumble strips and traffic control services, including: delineation devices, warning signs and maintenance & consulting services. The majority of the Company’s revenue is derived directly or indirectly from the Texas Department of Transportation and local municipalities. TRP Infrastructure Services was founded in 2010 and is headquartered in Fort Worth, Texas.

Sell -