Brightstar Capital Partners (Brightstar), a private investment firm that partners with closely-held, family-owned middle market companies, has completed the previously announced acquisition of QualTek USA, in partnership with QualTek senior management.
Following its transaction with Brightstar, QualTek completed the acquisitions of two additional businesses: NX Canada, a leading wireline installation and engineering services company in Canada, and Premier CC Inc., a full-service cable and network installation company with operations across the United States.
The add-on acquisitions will complement and strengthen QualTek’s range of solutions for the North American telecommunications sector, which include engineering, installation, fulfilment and program management. QualTek is led by CEO Scott Hisey and its senior management team, who are also investors in the Company.
NX Canada provides a range of telecommunications installation and engineering services, including coaxial and fibre optic services, repair and maintenance, sweep and certification services, noise reduction and plant hardening services. It serves a large and diverse customer base in the Canadian market.
Premier CC specialises in providing cable and network fulfilment services, consisting primarily of installation, configuration and repair services for residential and commercial customers. Its installation services support VoIP, high speed internet and data, video/digital and home security.
“We are excited that we have already begun to deliver on our growth strategy, immediately after completing the transaction with Brightstar and our senior management team,” says Hisey. “The growth capital and strategic resources provided by Brightstar have enabled us to complete the value-added acquisitions of NX Canada and Premier, which will expand QualTek’s geographic presence, diversify our customer base, and reinforce our leadership position as a provider of a wide array of solutions for the telecommunications industry.”
“QualTek is an exceptionally well-managed company that has created a solid platform for serving the dynamic, fast-growing wireless and wireline communications market. We are excited by the Company’s growth prospects, as demonstrated by the NX Canada and Premier acquisitions, and we look forward to working with the QualTek team to build a major player in the business of providing solutions to the telecommunications sector,” says Andrew Weinberg, Brightstar’s Founder and Managing Partner.