NTI Connect, a platform company of O2 Investment Partners, has acquired Fairhaven Integration Services, a provider of cable, telecom and IT engineering and installation services.
The NTI Connect group of companies provides specialized fiber optic technical services including fiber optic splicing, testing, connectivity and data center build-outs to fiber, wireless and broadband carriers, cable companies, data center operators and telecom companies. NTI Connect is led by its CEO Brian James and is headquartered in the Chicago suburb of West Chicago (www.nti-connect.com).
The NTI Connect platform was established with the initial acquisitions of National Technologies (www.national-technologies.com) and NTI Fiber (www.ntifiber.com) in October 2015. The platform was expanded with the acquisition of CCSI Networks (www.ccsinetworks.com) in July 2016. The buy of Fairhaven now brings NTI Connect equipment integration competencies (engineer, furnish and install) that it can use to service cable companies, enterprise and telecom customers in the rapidly increasing demand for video content. Fairhaven was founded in 2003 by Jerry Hart, Andy Goldsworthy and Jason Willis and is based in Atlanta (www.fairhavenllc.com).
“We’re enthusiastic about our partnership with O2 and the NTI Connect team,” said Mr. Hart and Mr. Goldsworthy in a released statement. “We’re ready to take our business to the next level and we believe that by adding fiber and wireless network deployment services to our equipment integration services, as a team we now address all needs of leading telecom and data networks, making our business more relevant to the needs of our clients.”
Participating in this transaction with O2 is Brightwood Capital (www.brightwoodlp.com), The Private Bank (www.theprivatebank.com), and Alcentra Capital (www.alcentra.com).
O2 Investment Partners makes control investments of $5 million to $75 million in companies with EBITDAs from $2 million to $10 million located anywhere in the US and Canada but has a preference for the Midwest and the Great Lakes regions. Sectors of interest include niche manufacturing, niche distribution, select service businesses, and certain technology businesses. The firm is based in the Detroit suburb of Bloomfield Hills (www.o2investment.com).
Luke Plumpton, a Partner at O2 Investment Partners, led this transaction.
© 2017 Private Equity Professional | May 17, 2017
