Investment Summary

TRF Private Equity Invests In MidAtlantic Broadband

On January 11, 2005, private equity firm TRF Private Equity invested in communications company MidAtlantic Broadband

Investment Highlights
  • This is TRF Private Equity’s 1st transaction in the Communications sector.
  • This is TRF Private Equity’s 2nd transaction in the United States.
  • This is TRF Private Equity’s 1st transaction in Maryland.

Investment Summary

Date 2005-01-11
Target MidAtlantic Broadband
Sector Communications
Investor(s) TRF Private Equity
Deal Type Growth Capital

Target

MidAtlantic Broadband

Baltimore, Maryland, United States
MidAtlanticBroadband is a niche facilities-based telecommunications company that provides telephone, high-speed data communications and internet access to small and medium-sized businesses as well as residences located in areas that have been underserved by other telecommunications service companies.

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Investor(S) 1

Investor

TRF Private Equity

Philadelphia, Pennsylvania, United States

Category Private Equity Firm
Founded 1998
PE ASSETS 48M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TRF Private Equity is a private equity firm that looks to invest in businesses operating in the Mid-Atlantic US. TRF has a special interest in acquiring companies that create job opportunities for low-and middle-income workers. The Firm generally looks to support businesses with $5 to $50 million in revenue and that are at or near profitability. Sectors of interest include technology/electronic manufacturing, manufacturing for niche industrial sectors, consumer products, education, financial services, communications, and business services. TRF's investment horizon is four to six years. In addition to providing equity capital, TRF will consider subordinated debt investments. TRF maintains offices in Philadelphia and Baltimore.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 2
State: Maryland M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Bulova Technologies Group

Largo, Florida, United States

Bulova Technologies Group is a provider of products and services, including healthcare, compliance, security encryption software, and CNC machining centers. Bulova Technologies Group is the parent company of BT-Twiss Transport LLC, Bulova Technologies Machinery LLC, and Bulova Technologies Europe LLC. Bulova Technologies Group is based in Largo, Florida.

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