M&A Deal Summary

Sweetwater Capital Group Acquires CST Core

On January 1, 2018, private equity firm Sweetwater Capital Group acquired communications company CST Core

Acquisition Highlights
  • This is Sweetwater Capital Group’s 3rd transaction in the Communications sector.
  • This is Sweetwater Capital Group’s 4th transaction in the United States.
  • This is Sweetwater Capital Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-01-01
Target CST Core
Sector Communications
Buyer(s) Sweetwater Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

CST Core

Chicago, Illinois, United States
CST Core is an owner/operator of wireless communications towers and distributed antenna systems. CST follows primarily a strategy of building new tower sites from the ground up to serve leading national carriers’ needs to expand wireless voice and data coverage and capacity. CST also designs, builds, and operates in-building distributed antenna systems to assist carriers with requirements for additional capacity.

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Buyer(S) 1

Buyer

Sweetwater Capital Group

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Sweetwater Capital Group is a private equity firm focused on investing in and acquiring service based businesses with recurring revenue streams. Specific areas of interest include businesses which provide critical infrastructure to the internet and to wireless communications networks. Sweetwater looks to invest $3 to $15 million per transaction and will consider opportunities throughout the US. Sweetwater Capital was formed in 2002 and is based in Red Bank, New Jersey.

DEAL STATS #
Overall 4 of 5
Sector (Communications) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 5
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Digital Fortress

Seattle, Washington, United States

Digital Fortress, Inc. is a provider of enterprise colocation and related services to large and medium-sized enterprise customers. The Company operates two data center facilities, principally located in the Pacific Northwest, drawing on the region’s low-cost, high-renewable energy content power sources. Digital Fortress was founded in 1994 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Faction

Denver, Colorado, United States

Faction is a provider of cloud computing services. Faction is entirely focused on providing its services through channel partners, such as value added resellers, managed service providers and data centers. Faction was established in 2006 and is based in Denver, Colorado.

Buy -
Mergr

Product

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