M&A Deal Summary

Phoenix Tower International Acquires Technology Associates

On April 11, 2022, Phoenix Tower International acquired communications company Technology Associates from Optimal Investment Group

Acquisition Highlights
  • This is Phoenix Tower International’s 5th transaction in the Communications sector.
  • This is Phoenix Tower International’s 3rd transaction in the United States.
  • This is Phoenix Tower International’s 1st transaction in Utah.

M&A Deal Summary
Date 2022-04-11
Target Technology Associates
Sector Communications
Buyer(s) Phoenix Tower International
Sellers(s) Optimal Investment Group
Deal Type Add-on Acquisition
Advisor(s) Bank Street (Financial)

Target

Technology Associates

Midvale, Utah, United States
Technology Associates is a wireless telecommunications deployment and professional services firm consisting of Site Acquisition, Architecture and Engineering Design, and Construction Project Management. Technology Associates was founded in 2005 and is based in Midvale, Utah.

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Buyer(S) 1

Buyer

Phoenix Tower International

Boca Raton, Florida, United States
Category Company
Founded 2013
Sector Communications
DESCRIPTION

Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites throughout Latin America and the United States. Phoenix Tower International was founded in 2013 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 5 of 7
Sector (Communications) 5 of 6
Type (Add-on Acquisition) 4 of 4
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Tower Ventures

Memphis, Tennessee, United States

Tower Ventures is a cell phone tower operator that owns and manages 360 towers in the United States. Tower Ventures and its subsidiaries have developed towers since 1987 and over that time have successfully built and sold tower portfolios valued at over $600 million dollars.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 NOVEC

Germany

NOVEC operates 220 telecommunications sites and has developed a significant pipeline of new sites in order to play a key role in deploying important infrastructure.

Buy -

Seller(S) 1

SELLER

Optimal Investment Group

Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Optimal Investment Group is a private equity firm focused on acquiring control positions in North American companies with $20 to $500 million of revenue. The Firm is industry agnostic and will consider a variety of investment situations including buyouts, corporate carve-outs, and special situations. Optimal Investment Group was formed in 2006 and is based in Sherman Oaks, California.

DEAL STATS #
Overall 4 of 4
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Modani Furniture

Miami, Florida, United States

Modani is an operator of a furniture brand collection designed in-house, in multiple categories and styles, regularly renewed and at affordable prices. Modani was founded in 2007 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Peltbeam

Newport Beach, California, United States

Peltbeam is a telecommunication hardware company, providing mmWave expansion technology that expands and strengthens current 5G infrastructure. Peltbeam was founded in 2021 and is based in Newport Beach, California.

Buy -
Mergr

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