Brightstar Capital Partners Closes Acquisition of QualTek and Two Concurrent Add-On Acquisitions
- Addition of NX Canada Wireline Business and Premier Cable Fulfillment Expands QualTek's Range of Telecommunications Services -
NEW YORK, July 19, 2018 /PRNewswire/ -- Brightstar Capital Partners ("Brightstar"), a private investment firm that partners with closely-held, family-owned middle market companies, today announced that it has completed the previously announced acquisition of QualTek USA, LLC ("QualTek" or the "Company"), in partnership with QualTek senior management. Following its transaction with Brightstar, QualTek completed the acquisitions of two additional businesses: NX Canada, a leading wireline installation and engineering services company in Canada, and Premier CC Inc., a full-service cable and network installation company with operations across the United States.
The add-on acquisitions will complement and strengthen QualTek's range of solutions for the North American telecommunications sector, which include engineering, installation, fulfillment and program management. QualTek is led by CEO Scott Hisey and its senior management team, who are also investors in the Company.
NX Canada provides a range of telecommunications installation and engineering services, including coaxial and fiber optic services, repair and maintenance, sweep and certification services, noise reduction and plant hardening services. It serves a large and diverse customer base in the Canadian market.
Premier CC specializes in providing cable and network fulfillment services, consisting primarily of installation, configuration and repair services for residential and commercial customers. Its installation services support VoIP, high speed internet and data, video/digital and home security.
"We are excited that we have already begun to deliver on our growth strategy, immediately after completing the transaction with Brightstar and our senior management team," said Mr. Hisey. "The growth capital and strategic resources provided by Brightstar have enabled us to complete the value-added acquisitions of NX Canada and Premier, which will expand QualTek's geographic presence, diversify our customer base, and reinforce our leadership position as a provider of a wide array of solutions for the telecommunications industry."
"QualTek is an exceptionally well-managed company that has created a solid platform for serving the dynamic, fast-growing wireless and wireline communications market. We are excited by the Company's growth prospects, as demonstrated by the NX Canada and Premier acquisitions, and we look forward to working with the QualTek team to build a major player in the business of providing solutions to the telecommunications sector," said Andrew Weinberg, Brightstar's Founder and Managing Partner.
About Brightstar Capital Partners
Brightstar Capital Partners is a private equity firm focused on investing in closely-held companies. Brightstar seeks partnership opportunities with exceptional management teams where it is uniquely positioned to drive value creation. Brightstar seeks control investments and employs an operationally intensive approach to investing that leverages its extensive experience and relationship network. For more information please visit www.brightstarcapitalpartners.com.
About QualTek
Based in King of Prussia, PA, QualTek is a leading provider of turnkey solutions, including engineering, installation, fulfillment and program management, to the North American telecommunications and power sectors. The company provides end-to-end infrastructure services solutions to the wireline (NX Utilities and NX Utilities Canada), wireless (Empire Telecom and Velocitel), and residential and commercial fulfillment (QualSat, ACI and Premier) segments of the market. With experienced management, qualified field technicians, state-of-the-art data management systems and a dedicated network of contractors, QualTek is a premier partner to some of the largest leading companies in the telecommunications and power industries. For more information please visit www.qualtekservices.com.
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SOURCE Brightstar Capital Partners
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