Announced
Financials
Tags
Private
Acquisition
Pending
Single Bidder
Majority
engineering services
Friendly
United States
Consumer Services: Other
Domestic
Synopsis
ADB, a provider of infrastructure services intended for the communication, utility and technology industries, agreed to acquire PrimeTech Communications, a provider of aerial and underground construction, fiber optic services, engineering services, emergency restoration services, and project management, from Capital Tactics, a provider of buy-side and sell-side transaction advisory services. Financial terms were not disclosed. "The leadership team at ADB displayed enormous goodwill throughout the negotiations. Their collaborative approach was key to getting this done. This enables additional growth for both entities, affording customers additional services. We at Capital Tactics are pleased to have had the opportunity to represent PrimeTech throughout this transaction," Dino Lucarelli, Capital Tactics Managing Director.
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