M&A Deal Summary

Vertical Bridge Acquires Eco-Site

On November 23, 2020, Vertical Bridge acquired infrastructure company Eco-Site from MSouth Equity Partners

Acquisition Highlights
  • This is Vertical Bridge’s 1st transaction in the Infrastructure sector.
  • This is Vertical Bridge’s 2nd transaction in the United States.
  • This is Vertical Bridge’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-11-23
Target Eco-Site
Sector Infrastructure
Buyer(s) Vertical Bridge
Sellers(s) MSouth Equity Partners
Deal Type Add-on Acquisition

Target

Eco-Site

Morrisville, North Carolina, United States
Eco-Site builds, owns and operates wireless towers and infrastructure sites. Founded by wireless industry executives with extensive carrier and infrastructure experience, Eco-Site provides superior real estate solutions for network densification and expansion. Eco-Site offers single-point access to a nationwide pool of sites, including build-to-suit towers, colocation solutions and retail properties. Eco-Site’s unique approach provides carriers customized, scalable results to meet their ever-changing network needs.

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Buyer(S) 1

Buyer

Vertical Bridge

Boca Raton, Florida, United States
Category Company
Founded 2002
Sector Infrastructure
DESCRIPTION

Vertical Bridge is an owner and manager of wireless communications infrastructure. Vertical Bridge owns, operates and master leases over 266,000 towers, rooftop, billboard, utility attachment, and other site locations in support of wireless network deployments.

DEAL STATS #
Overall 2 of 2
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Liberty Towers

Rohrersville, Maryland, United States

Liberty Towers provides maintenance and repairs, inspections and installations of flare and combustion equipment. The Company’s customer base consists of refineries, chemical plants, midstream terminals, and other industrial facilities in the Gulf region. Liberty is a platform investment in the niche services sector targeting the downstream and midstream energy and industrial sectors nationwide. Liberty Towers was formed in 2006 and is based in Rohrersville, Maryland.

Sell -

Seller(S) 1

SELLER

MSouth Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

MSouth Equity Partners is a private equity firm focused on mid-sized company investments and acquisitions valued between $25 and $250 million. The Firm prefers opportunities in Southern US and looks to commit $25 to $100 million per transaction. Sectors of interest include distribution, business services, media, telecom, and specialty manufacturing. MSouth is the successor to private equity firm, Cravey, Green & Wahlen, Inc. which was founded in 1984. MSouth Equity Partners is based in Atlanta, Georgia.

DEAL STATS #
Overall 24 of 31
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 7 of 10
State (North Carolina) 3 of 3
Country (United States) 24 of 31
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 iBenefit Communication

Charlotte, North Carolina, United States

iBenefit Communication provides employers with benefits communication, education, and engagement services that offer employees personalized benefit counseling with professional, licensed, salaried benefits experts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Children & Teen Dental

Suwanee, Georgia, United States

Children & Teen Dental Group provides dental support organization services to pediatric dental and orthodontic offices in attractive east coast markets. The Company currently provides services to five practices in Georgia (Cumming, Suwanee, Acworth, Powder Springs, and Marietta) and one practice in Lakeland, Florida. Children & Teen Dental is based in Suwanee, Georgia.

Sell -
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