Pillsman Partners has made an investment in Squan Construction Services, an infrastructure services provider. Pillsman partnered with RFE Investment Partners and Squan management to recapitalize the company and provide funds for future growth.
Squan is an infrastructure service provider for wireless telecom carriers, tower companies, neutral host providers, commercial landlords, government entities, universities, healthcare institutions, and other organizations seeking wireless coverage and capacity. Squan’s services include turnkey macro, distributed antenna systems, small cell site development, RF engineering, equipment installation and maintenance, transport provisioning, retrofit and modification construction services, and site maintenance. Squan has completed over 6,000 projects throughout the Northeast, Mid-Atlantic and Midwest regions. The company is headquartered in Englewood, NJ (www.squansolutions.com).
Pillsman Partners makes majority and minority investments in North American based companies that have EBITDA of $1 million to $20 million. Sectors of interest include specialty chemicals, advanced materials, engineered components and related business services. The firm is headquartered in Greenwich, CT (www.pillsmanpartners.com).
RFE Investment Partners makes control equity investments of $10 million to $25 million in North American small market companies with at least $5 million in EBITDA and enterprise values of $20 million to $100 million. Sectors of interest include business services, manufacturing and healthcare services. The firm is currently investing from RFE Investment Partners VIII. RFE was founded in 1979 and is based in New Canaan, CT (www.rfeip.com).
2014 PEPD • Private Equity’s Leading News Magazine • 10-21-14