Goldman Sachs Alternatives-backed Constructel Visabeira to acquire Verità Telecommunications.

Goldman Sachs Alternatives-backed Constructel Visabeira, a telecommunication and energy service provider, agreed to acquire Verità Telecommunications, a wireline and wireless services provider. Financial terms were not disclosed. "This investment marks a significant milestone. It positions us at over $250m in sales in the US, while effectively balancing our growth across the US Energy and Telecommunications sectors. As we execute our expansion strategy in the US, where we hold strong long-term ambitions, this investment will play a pivotal role." He added that "drawing on our shared values and common vision for the future, coupled with our deep understanding of Verità's strong foundations, I am confident that we can leverage commercial and operational synergies to realize the broadband aspirations of our clients while advancing a trajectory of sustained profitable growth. Further, the strength of our balance sheet will allow us to continue to execute on our growth priorities and strategic M&A strategy in years to come in the US and Europe," Nuno Marques, Constructel Visabeira CEO.