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New Deal


Announced

Completed

Abacus Investments completed the acquisition of Network Controls & Electric.

Financials

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

Sources

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Tags

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Private Equity

technology solutions

Acquisition

Completed

Single Bidder

Majority

Friendly

Private

data communications

IT Services: Other

United States

Domestic

Synopsis

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Abacus Investments, a lower middle-market focused private equity firm, completed the acquisition of Network Controls & Electric, a full-service provider of structured cabling, outside plant, wireless, access controls, surveillance systems, communications and technology infrastructure. Financial terms were not disclosed. “It was a pleasure working with Genesis Capital and they were truly instrumental in facilitating this deal. The team at Genesis Capital partnered with us every step of the way to make sure we secured the ideal partner to meet our near-term objectives as well as enable the continued long-term growth of the Company," Ed Niles, Network Controls CEO.

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