Resilience Capital Partners acquires Mill City TEC
Private equity firm Resilience Capital Partners has acquired Mill City TEC, a provider of civil and electrical construction and maintenance services to the wireless industry in the Upper Midwestern US, via a newly-formed company, Mill City Communications.
Mill City Communications is Resilience Capital Partners' second add-on acquisition by its Aero Communications investment platform, which it acquired in October 2012.
Aero Communications is a provider of customer-focused technology solutions to broadband and wireless providers, businesses, public venues, government facilities and residential subscribers.
Steven Rosen, co-CEO of Resilience Capital Partners, says: "We welcome the entire Mill City organisation to Aero and Resilience. This is a perfect example of a wonderful company in its geography joining forces with a national wireless and cable communication and infrastructure service company to better serve its customers. Aero will continue to expand its geography through investment and acquisition in support of its customers in 2014."
Greg McCray, CEO of Aero Communications, says: "Mill City is a preferred supplier of network construction services to the wireless industry. We've benchmarked many companies in the wireless network construction space, and we're convinced that the leadership team, skilled work force, and several of Mill City's processes are best-of-breed."
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