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  6. Tower Arch Capital Acquires TD&I

M&A Deal Summary

Tower Arch Capital Acquires TD&I

On August 30, 2023, private equity firm Tower Arch Capital acquired business services company TD&I

Acquisition Highlights
  • This is Tower Arch Capital’s 1st transaction in the Business Services sector.
  • This is Tower Arch Capital’s 16th transaction in the United States.
  • This is Tower Arch Capital’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-08-30
Target TD&I
Sector Business Services
Buyer(s) Tower Arch Capital
Deal Type Recapitalization

Target

TD&I

Lakeland, Minnesota, United States
TD&I provides directional drilling, trenching, and other related infrastructure services for installing and maintaining fiber optic networks and other critical infrastructure. Its customers include national, regional, and local telecom providers, utility cooperatives, tech companies, and municipalities. TD&I was formed in 1987 and is based in Lakeland, Minnesota.

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Buyer(S) 1

Buyer

Tower Arch Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tower Arch Capital is a lower middle-market private equity firm focused on partnering with and growing family and entrepreneur-owned companies. Tower Arch seeks US-based companies with $20 to $150 million in revenue and up to $30 million of EBITDA. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Tower Arch Capital was formed in 2013 and is based in Draper, Utah.

DEAL STATS #
Overall 16 of 18
Sector: Business Services M&A 1 of 2
Type: Recapitalization M&A Deals 15 of 16
State: Minnesota M&A 1 of 1
Country: United States M&A 16 of 18
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Intelligent Technical Solutions

Chicago, Illinois, United States

Intelligent Technical Solutions is a provider of IT-managed services that offers managed IT, cloud, cybersecurity, VoIP phone, and fiber internet services to small and medium-sized businesses (20-500 seats) in several cities throughout the United States. Intelligent Technical Solutions is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 S&N Communications

Louisa, Virginia, United States

S&N Communications is a specialty infrastructure services provider primarily focused on maintenance, repair, upgrade, and new construction services for communications and electric utilities infrastructure. S&N Communications was formed in 1977 and is based in Louisa, Virginia.

Buy -
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