M&A Deal Summary

QualTek Services Acquires BACOM

On August 9, 2021, QualTek Services acquired communications company BACOM from Blue Sage Capital

Acquisition Highlights
  • This is QualTek Services’ 4th transaction in the Communications sector.
  • This is QualTek Services’ 9th transaction in the United States.
  • This is QualTek Services’ 1st transaction in New Mexico.

M&A Deal Summary

Date 2021-08-09
Target BACOM
Sector Communications
Buyer(s) QualTek Services
Sellers(s) Blue Sage Capital
Deal Type Add-on Acquisition

Target

BACOM

Albuquerque, New Mexico, United States
BACOM is a provider of services for the installation, modification, construction, and maintenance of wireless communication facilities and related infrastructure. BACOM was founded in 2004 and is based in Albuquerque, New Mexico.

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Buyer(S) 1

Buyer

QualTek Services

Blue Bell, Pennsylvania, United States

Category Company
Founded 2012
Sector Communications
DESCRIPTION

QualTek Services is a provider of turnkey solutions, including engineering, installation, fulfillment, and program management, to the North American telecommunications and power sectors. QualTek provides end-to-end infrastructure services solutions to the wireline (NX Utilities), wireless (Empire Telecom and Velocitel), and residential and commercial fulfillment (QualSat and ACI) segments of the market. With experienced management, qualified field technicians, state-of-the-art data management systems, and a dedicated network of contractors, QualTek is a premier partner to some of the largest leading companies in the telecommunications and power industries. QualTek Services was founded in 2012 and is based in Blue Bell, Pennsylvania. QualTek Services commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy on May 24, 2023.


DEAL STATS #
Overall 10 of 12
Sector (Communications) 4 of 5
Type (Add-on Acquisition) 9 of 11
State (New Mexico) 1 of 1
Country (United States) 9 of 11
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Fiber Network Solutions

Tyler, Texas, United States

Fiber Network Solutions is a premier full-service provider of fiber optic and electrical services, focusing primarily on renewable energy projects. Fiber Network Solutions was founded in 2001 and is based in Tyler, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Concurrent

Miami, Florida, United States

Concurrent is a full-service provider of quality construction, maintenance, and restoration services for utilities, electric membership co-ops, and municipally owned power providers. Concurrent was founded in 2017 and is based in Miami, Florida.

Buy -

Seller(S) 1

SELLER

Blue Sage Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sage Capital is a private investment firm that invests in lower middle-market companies that have the potential to become market leaders. Target businesses typically generate sales of $20 to $125 million and are valued up to $125 million. Blue Sage is a generalist firm with broad industry interest. Target sectors include industrial, distribution, service, healthcare, manufacturing, energy and media. Blue Sage geographically prefers companies located in Texas and the Southwest US. Blue Sage will not invest in banks, life insurance companies, oil and gas exploration and development projects, real estate development or companies located outside of the United States. Blue Sage was formed in 2003 and is based in Austin, Texas.


DEAL STATS #
Overall 17 of 22
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 11 of 13
State (New Mexico) 2 of 2
Country (United States) 16 of 21
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Purpose Legal

Dallas, Texas, United States

Purpose Legal is a provider of legal services including eDiscovery technology services, eDiscovery managed review, contracts management, and legal research. Purpose Legal was founded in 2007 and based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 Americo

Acworth, Georgia, United States

Americo is a manufacturer of nonwoven abrasives, vinyl-backed entrance mats, and an assortment of restroom care products. Americo's main markets are distributors of industrial cleaning and maintenance supplies and retail outlets. Americo was founded in 1969 and is based in Acworth, Georgia.

Sell -