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New Deal


Announced

Completed

Congruex completed the acquisition of Tower Engineering Solutions and Sorensen.

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

Acquisition

United States

Single Bidder

Private

Telecommunications Services: Other

telecommunications services

Domestic

Friendly

Majority

Synopsis

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Congruex, a national end-to-end provider of digital network design and build services, completed the acquisition of Tower Engineering Solutions and Sorensen, two telecommunications service providers. Financial terms were not disclosed. "We identified TES and SCI as sharing many qualities that naturally align with Congruex: industry-leading engineering and construction expertise, dedication to client service, and commitment to cutting-edge innovation. These two acquisitions will strengthen our turn-key digital network design and build solutions and amplify our nationwide reach. We are delighted to welcome TES and SCI to the One Congruex family and look forward to partnering with their existing leadership and employee teams to best serve clients and accelerate growth," Bill Beans, Congruex CEO.

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