Kane Infrastructure Services, a portfolio company of Aterian Investment Partners, has acquired Cable Solutions.
Aterian formed Kane Infrastructure Services in August 2021 to acquire Kane Communications and begin a consolidation within the fragmented communications and utility infrastructure sectors. The buy of Cable Solutions is Kane’s first add-on acquisition.
Kane is a provider of structured cabling services which include the installation, replacement, and maintenance of telecommunications networks. The company is active in numerous sectors including distribution, data centers, and hospitals.
Specific services provided by Kane include data center buildouts and maintenance; distributed antenna systems; fiber optic splicing and testing; power over ethernet (PoE) lighting systems; security and audio/visual infrastructure; and voice and data network infrastructure. Kane also provides other plant and utility services to complement its structured cabling services. The company was founded in 2004 and is headquartered in Trenton, New Jersey.
Like Kane, Cable Solutions is a provider of structured cabling and other fiber optic services with a specialization in the healthcare and education sectors. The company was founded in 1998 by Jim Delashmutt and Mike Camacho, and is headquartered in Chandler, Arizona.
The acquisition of Cable Solutions expands Kane’s geographic reach to the Southwestern United States. “We are thrilled that the Kane team has completed their first add-on acquisition,” said Daniel Phan, a managing director at Aterian. “Cable Solutions is a leader in its market, providing Kane with a strong operating footprint in the southwest.”
“We all could not be more excited about adding Cable Solutions to the Kane family,” said John Donnelly, the president of Kane. “They have a strong reputation in Arizona for providing quality service for their customers. We are big believers in the growth of the region and look forward to continue expanding our footprint here.”
“We look forward to continuing to expand into new high-growth territories both organically and inorganically,” said Lynn Refer, an advisor to Kane and a member of the company’s board of directors.
Aterian invests up to $50 million in small-to-middle market businesses with $25 million to $500 million in revenues that are underperforming, turnarounds or otherwise unique situations. The firm’s latest fund, Aterian Investment Partners III LP, closed in July 2018 with $350 million of committed capital. Aterian has offices in New York City and Coral Gables, Florida.
© 2021 Private Equity Professional | December 20, 2021
