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New Deal


Announced

Completed

Audax-backed H.I.G. Capital completed the acquisition of Tower Engineering Professionals.

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

Private

Majority

Domestic

Single Bidder

Private Equity

telecommunications

Telecommunications Equipment

United States

Acquisition

Friendly

Synopsis

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Audax-backed H.I.G. Capital, a global alternative investment firm, completed the acquisition of Tower Engineering Professionals, a telecommunication engineering and construction services provider. Financial terms were not disclosed. “We are excited to enter into this new chapter of growth with H.I.G. TEP is one of the most experienced and successful telecom-focused engineering firms, with a turnkey offering that has resulted in strong growth since the Company’s inception. We look forward to partnering with H.I.G., who brings significant experience and resources in both the infrastructure services and telecom sectors, and continuing to provide industry leading customer service,” Andy Haldane, Tower Engineering Professionals CEO.

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