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New Deal


Announced

Completed

TD&I Cable Maintenance and Tower Arch Capital completed the acquisition of Midwest Utility Services.

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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Construction Services

underground construction

United States

Single Bidder

Domestic

Private Equity

Completed

Friendly

Acquisition

Majority

Private

Synopsis

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TD&I Cable Maintenance, a family-owned and operated telecommunications company, and Tower Arch Capital, a private equity firm, completed the acquisition of Midwest Utility Services, a full service underground construction company. Financial terms were not disclosed. "Midwest has a deep-rooted legacy of providing exceptional infrastructure services for regional telecom providers. We are excited to partner with TD&I and Tower Arch Capital as we seek to further grow our presence across Minnesota and the surrounding states," Steve Kvistad, Midwest Founder.

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