January 2026. Sell-side. Closed on the sale of a sports surface contractor based in the Southeast. The Company has been in business over 30 years, specializing in the design, construction, and maintenance of tennis, pickleball, and basketball courts. In addition to its contracting services, the Company operates a retail division that distributes supplies and accessories for the upkeep of tennis and pickleball courts.
Fiber OSP Contractor
May 2025. Buy-side. Presented offer ($100.0MM+/-) associated with strategic recapitalization of a fiber outside plant contractor in the Southeast. Mix of construction and maintenance services for cable operators, broadband providers, state DOTs, and electrical contractors. Longstanding presence within market.
Transportation: Asset-Based Expedited Freight and Asset-Light 3PL
November 2024. Buy-side. Presented Indication of Interest ($16.2MM+/-) associated with strategic recapitalization of an asset-based expedited freight & asset-light 3PL in the Southwest. Third generation family-owned business. Recent TTM numbers demonstrated significant rebound from marginal financial performance 2021-2023, reflecting overall freight market.
Wireless Telecom Contractor
October 2023. Sell-side. Presented Indication of Interest ($5.75MM+/- plus $700k+/- earn out) associated with strategic recapitalization of a wireless telecom contractor in the Southeast. Generated compelling offer within an adverse market for wireless contractors. Project-management-based structure with no-self-performance capability. Solid customer diversity.
Fiber OSP Contractor
March 2023. Buy-side. Presented offer ($72.0MM+/-) associated with strategic recapitalization of a fiber outside plant contractor in the Southeast. Focus on fiber placement for co-op electric utilities. Very strong margins. High customer concentration (even w/in telecom).
Transportation: Asset-Light 3PL
February 2023. Sell-side. Presented Letter of Intent ($16.5MM+/-) associated with strategic recapitalization of an asset light third party logistics company in the Southeast. Second process provided owner with a walk-away transaction so that owner could focus on offshore BPO company that he was developing. 3PL Company had only two employees: owner and one direct employee (sales). Sales, administration, and accounting outsourced to sub-contractors and 1099s. All admin and back office (60+FTPs) outsourced offshore via BPO.
Transportation: Asset-Light 3PL
October 2022. Sell-side. Presented Letter of Intent ($20.0MM+/-) associated with strategic recapitalization of an asset-light third party logistics company in the Southeast. First process provided owner with a strategic recap option with investors requirement that owner stay on-board to continue operating and growing the Company. Owner decided that he preferred a walk-away transaction so that he could focus on BPO company that he was developing. 3PL Company had only two employees: owner and one direct employee (sales). Sales, administration, and accounting outsourced to sub-contractors and 1099s. All admin and back office (60+FTPs) outsourced offshore via BPO.
Wireless Telecom Contractor
July 2022. Sell-side. Presented Letter of Intent ($11.0MM+/-) associated with strategic recapitalization of a wireless telecom contractor in the Southeast. High customer concentration (top two >90%). Significant drop in revenue & EBITDA in 2020. Offer reflected valuation associated with rebound of business in 2021 and 2022.
Fiber OSP Contractor (Underground)
July 2022. Sell-side. Presented Letter of Intent ($8.3MM+/-) associated with strategic recapitalization of an underground telecommunications outside plant contractor in the Southeast. Focus on dry underground construction, with fiber splicing and aerial construction outsourced. Low percentage of prime contracts (primarily sub-contract for larger general contractors).
Fiber OSP Contractor
July 2022. Sell-side. Presented Letter of Intent ($17.0MM+/-) associated with strategic recapitalization of a telecommunications outside plant contractor in the Southeast. Longstanding presence within its home market. Customers a mix of cable, telecom, ISP, and electric utilities. Wide mix of self-perform services: underground, aerial, fiber splicing.