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Announced

Completed

Congruex completed the acquisition of Matrix Engineering.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Telecommunications Equipment

Friendly

network services

Single Bidder

Acquisition

Private

United States

Domestic

Synopsis

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Congruex, an operator of a holding company focused on investing in companies providing design, engineering, construction, and maintenance services to broadband networks, completed the acquisition of Matrix Engineering, a provider of network services. Financial terms were not disclosed. “Having gotten to know Bill and the broader Congruex organization, we mutually recognize a tremendous opportunity to make an even greater impact with our customers. By joining the market-leading Congruex platform, our highly experienced team will continue to pursue unmatched solutions for providers while building new capabilities and achieving greater scale," John Bennett, Matrix Engineering CEO.

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