M&A Activity in the Telecommunications Market

Understanding the trends that can impact the value of your business.

Trends & Opportunities

The telecommunication’s industry is ripe for industry consolidation as interest in the space continues to intensify. Driven by the shift towards high-margin data services, the adoption of 5G networks is taking center stage in the telecom environment, as the industry begins to move away from traditional products, such as voice connectivity. Significant demand coupled with the U.S. Department of Agriculture announcing it will be spending $759 million to expand broadband access to communities across the U.S. is stimulating the increased necessity of telecom services.

So, how fast will the industry grow? According to the GSMA, the world’s largest mobile industry organization in North America, mobile data traffic growth is forecasted to more than triple from 2025 to 2027. Add all these factors together and it’s clear to see: the telecom industry won’t be slowing down anytime soon.

Telecom Market Insights

The global telecommunications services market was valued at $1.8 trillion in 2022 and is expected to expand at a CAGR of 6.2%, reaching $2.4 trillion by 2027.
55% of total transaction volume in the telecom services sector in 2022 was attributable to infrastructure deals due to the investment appetite surrounding tower companies specifically.
Telecom services grew evermore important during lockdowns and proved to be a “pandemic-proof” industry for investors. The same type of market reaction is expected with the sector as the economy heads into a potential recessionary state.

For a deeper look into telecom M&A, check out our recent telecom services market insights report.

Experience Matters

Hyde Park Capital has closed several successful telecom deals.

Featured

has been acquired by

The undersigned acted as the exclusive financial advisor to PirTano Construction Company, Inc. for this transaction.

has been recapitalized by

The undersigned acted as the exclusive financial advisor to Electric Supply of Tampa, Inc. for this transaction.

has been acquired by

The undersigned acted as the exclusive financial advisor to Digital Lightwave for this transaction.

has been sold to

The undersigned acted as the exclusive financial advisor to Pulsar Technologies for this transaction.

Transaction:

Ascend Wireless Networks acquired by Sovereign’s Capital.

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.

CLIENT TESTIMONIAL

“When we decided to entertain the sale of the Company, we interviewed numerous investment banks and are very pleased with our selection of Hyde Park as our investment banker. Hyde Park Capital played a key role and was an important financial advisor helping Ascend negotiate and structure the best deal possible for the Company and its partners. The Hyde Park team demonstrated incredible knowledge and expertise throughout the course of our eventual transaction, and we greatly appreciate their efforts on our behalf.”

Don Patterson, founder and CEO,
Ascend Wireless Networks

Transaction:

Pirtano Construction Company acquired by Rising Point Capital.

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.

CLIENT TESTIMONIAL

“We appreciate Hyde Park’s diligent work and efforts on our behalf to help us identify and close, during the COVID pandemic, a successful transaction that helps us begin to accomplish our long-term goals. We are excited to partner with Mike Drai and Justin Marku at Rising Point Capital and look forward to continued success growing the PirTano business together.”

Mike Piraino, Joe Pantano and Jack Horn,
Ownership Team, Pirtano Construction Company

The Benefits of Partnering with Hyde Park Capital

Identify the right strategic partner

Whether you’re looking for a growth partner to provide equity for expansion, take some chips off the table or contemplating an exit for retirement, Hyde Park Capital has the experience and expertise to assist you in not only securing the greatest value for the firm but also pinpointing the perfect strategic partner.

Secure the best deal

Founded in 2000, Hyde Park Capital is a nationally known investment banking firm specializing in mergers and acquisitions, capital raising and other financial advisory needs for middle-market public and private companies. Headquartered in Tampa, Florida with clients across the globe, our firm is highly skilled in the nuances of complicated capital markets transactions ranging from strategic sales to corporate buyers to majority recap or minority growth equity transactions with financial buyers. Our agile and aggressive team has broad deal experience across multiple industries including technology, healthcare, business services, industrials, consumer and financial services companies.

Leverage our national relationships

With over 50 years of combined experience, our investment bankers are highly knowledgeable and have extensive relationships with strategic and financial partners. By retaining our services, you will maximize your potential of successfully closing a transaction with credible institutional partners or investors on a timely basis and on attractive price and terms.

About Hyde Park Capital

Founded in 2000, Hyde Park Capital is a nationally known investment banking firm specializing in mergers and acquisitions, capital raising and other financial advisory needs for middle-market public and private companies. Headquartered in Tampa, Florida with clients across the globe, our firm is highly skilled in the nuances of complicated capital markets transactions. Our agile and aggressive team has broad deal experience across multiple industries including business services, industrials, technology, healthcare, consumer and financial services companies.

M&A Activity in the Telecommunications Market

Trends & Opportunities

Telecom Market Insights

Experience Matters

Transaction:

CLIENT TESTIMONIAL

Transaction:

CLIENT TESTIMONIAL

The Benefits of Partnering with Hyde Park Capital

Identify the right strategic partner

Secure the best deal

Leverage our national relationships

About Hyde Park Capital

Find the best partner for your firm.

Contact the Hyde Park Capital Telecommunications Team today.

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