M&A Deal Summary

Platform Partners and Bow River Capital Acquire NextEdge

On September 2, 2020, private equity firms Platform Partners and Bow River Capital acquired communications company NextEdge

Acquisition Highlights
  • This is Platform Partners’ 2nd and Bow River Capital’s 2nd transaction in the Communications sector.
  • This is Platform Partners’ 22nd and Bow River Capital’s 16th transaction in the United States.
  • This is Platform Partners’ 1st and Bow River Capital’s 3rd transaction in California.

M&A Deal Summary

Date 2020-09-02
Target NextEdge
Sector Communications
Buyer(s) Platform Partners
Bow River Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

NextEdge

San Francisco, California, United States
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.

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Buyer(S) 2

Buyer

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.


DEAL STATS #
Overall 22 of 28
Sector (Communications) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 13
State (California) 1 of 1
Country (United States) 22 of 28
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 Process Service Specialists

Gonzales, Louisiana, United States

Process Service Specialists is a provider of industrial turnaround and maintenance services to the petrochemical, refining, and natural gas processing complex along the Gulf Coast. Process Service Specialists was founded in 2013 and is based in Gonzales, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Exact Payments

Scottsdale, Arizona, United States

Exact Payments provides payment gateway software services to payment processors, bank partners, and omnichannel merchants. Exact Payments was founded in 1999 and is based in Scottsdale, Arizona.

Buy -
Buyer

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $5 to $20 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.


DEAL STATS #
Overall 18 of 28
Sector (Communications) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (California) 3 of 4
Country (United States) 16 of 25
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Modus

San Francisco, California, United States

Modus is a 5G infrastructure services company that focuses on identifying, designing, engineering, constructing, installing, and maintaining 5G small cell networks. Modus was established in 2005 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Veregy

Phoenix, Arizona, United States

Veregy is an OEM agnostic energy services company that designs and implements energy-efficient facility improvements primarily for K-12 schools and municipal customers. The Company’s service offerings include energy efficiency solutions, engineering services, design and construction solutions, distributed and renewable energy, smart buildings and system integrations, and ongoing services and maintenance. Veregy was founded in 2019 and is headquartered in Phoenix, Arizona.

Sell -