M&A Deal Summary

Spectrum Global Solutions Acquires Telnet Solutions

On January 10, 2019, Spectrum Global Solutions acquired electrical equipment company Telnet Solutions

Acquisition Highlights
  • This is Spectrum Global Solutions’ 1st transaction in the Electrical Equipment sector.
  • This is Spectrum Global Solutions’ 3rd transaction in the United States.
  • This is Spectrum Global Solutions’ 1st transaction in Illinois.

M&A Deal Summary
Date 2019-01-10
Target Telnet Solutions
Sector Electrical Equipment
Buyer(s) Spectrum Global Solutions
Deal Type Add-on Acquisition

Target

Telnet Solutions

Des Plaines, Illinois, United States
Telnet Solutions, Inc. design, installation, and maintenance of structured cabling system solutions to the enterprise market. Telnet Solutions, Inc. was founded in 2002 and is based in Des Plaines, Illinois.

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Buyer(S) 1

Buyer

Spectrum Global Solutions

Longwood, Florida, United States
Category Company
Founded 2007
Sector Technology Hardware
Employees66
DESCRIPTION

Spectrum Global Solutions, Inc. is a developer and commercializes alternative energy technologies and services. The company specializing in Energy and Telecommunications across the US, Canada and Caribbean.

DEAL STATS #
Overall 3 of 3
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 ADEX

Alpharetta, Georgia, United States

ADEX Corp. is a provider of an employment and staffing services for the Telecommunications industry, including installation, engineering, maintenance, Project Management, Testing of OSP and COE, Wireless Cellular Networks, voice and data convergence.

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