M&A Deal Summary

Solis Capital Partners Acquires Horizon Communications

On November 5, 2013, private equity firm Solis Capital Partners acquired communications company Horizon Communications

Acquisition Highlights
  • This is Solis Capital Partners’ 1st transaction in the Communications sector.
  • This is Solis Capital Partners’ 4th transaction in the United States.
  • This is Solis Capital Partners’ 4th transaction in California.

M&A Deal Summary
Date 2013-11-05
Target Horizon Communications
Sector Communications
Buyer(s) Solis Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Horizon Communications

Irvine, California, United States
Horizon Communications is a specialist provider of telecommunications, infrastructure, and contractor services, including Wi-Fi, DAS infrastructure solutions, riser management, and structured cabling. Customers include building and property management companies, telecommunications carriers, and data center operators across the United States. Horizon Communications is based in Irvine, California.

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Buyer(S) 1

Buyer

Solis Capital Partners

Newport Beach, California, United States

Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 113M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Solis Capital Partners is a private equity firm focused on investing in lower middle-market companies operating in business services, software and related technology, and consumer services. Solis Capital looks to invest $5 to $25 million for majority positions in businesses generating sales of $5 to $100 million. Target companies are typically cash-flow positive and have high barriers to entry. The firm's investment horizon is four to six years. Solis Capital Partners was formed in 2002 and is based in Newport Beach, California with an additional office in San Diego.

DEAL STATS #
Overall 6 of 12
Sector (Communications) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (California) 4 of 7
Country (United States) 4 of 10
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-24 Tigers

Hong Kong, China

Tigers is a logistics and transportation company, that specializes in bespoke supply chain solutions, e-fulfillment, and transportation by air, sea, and road. Tigers was founded in 2011 and is based in Hong Kong.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-12 LEHR

Los Angeles, California, United States

LEHR is a manufacturer and distributor of propane powered lawn and garden tools for home and commercial applications. LEHR is based in Los Angeles, California.

Buy -
Mergr

Product

Company

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