IG Completes Transaction for Fiber Optic Cable and Underground Installation Company
February 2019 - The Independence Group (IG) has completed the sale of a Fiber Optic Cable and Underground Construction Company. The buyer is a private investment group.
With a focus on telecommunications, the Company's services include fiber optic infrastructure, directional boring and other underground construction projects. The Company has two locations in Northern California for direct deployment to job sites. It also reaches to the central and southern areas of the state.
The private investment group funded the acquisition as a recapitalization, allowing the two owners to retain a minority share of the Company. The owners will continue to oversee operations and assist in growth objectives. There is tremendous potential for expansion as the level of demand for the Company's services continues to increase; new subdivisions now get fiber optic cable directly to the homes.
Joe Cavazos, IG Consultant, represented the seller, keeping in close communication with the client to ensure that they were updated on all stages of the sale process. The IG team included Larry Willis, President, along with financial, marketing and administrative staff members.
IG recently expanded its team with new consultants on the East Coast, the Upper Midwest and in Utah. The firm works in tandem with its buy-side services division, Acquisition Partners (AP), to provide a full range of M&A services. For more information about AP visit www.acq.partners