In December 2022, Ascend Wireless Networks, a leading wireless network communications contractor, was acquired by Sovereign’s Capital, a middle-market private equity firm based in Raleigh, NC. Hyde Park Capital served as the exclusive sell-side investment banker to Ascend Wireless Networks for the transaction.
Founder and CEO Don Patterson has relentlessly built Ascend since founding it in 2013, and the company has progressively captured additional market share due to a stellar reputation established over the years. It was crucial to Don and the other shareholders that the structure of the transaction was based on not only the economics of the deal but also the strategic fit for employees and customers.
In June 2021, PirTano Construction Company, a multi-dimensional construction contractor was acquired by Rising Point Capital, a middle-market private equity firm based in Chicago, IL. Hyde Park Capital served as the exclusive sell-side investment banker to Ascend Wireless Networks for the transaction.
President, Mike Piraino and his team have built a sterling reputation and legacy over the past 40 years, becoming the leading player in the sewer and water and telecom heavy construction sectors. It was critical to Mike and the Pirtano team, that the culture of their deep bench of extraordinary employees was maintained, while securing the best deal for the company’s shareholders.