CableNet Communications, a portfolio company of private equity firm Resilience Capital Partners, has acquired CableNet Services Unlimited, a provider of cable fulfilment services in the Freedom Region of Pennsylvania and New Jersey.
CableNet Communications is Resilience Capital Partners’ first 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-chief executive of Resilience Capital Partners, says: "I suspect CableNet is the first of many great companies Aero Communications will invest in. Our firm is committed to building out this business and investing capital in support of the Aero Communications’ team and this platform."
Greg McCray, chief executive of Aero Communications, says: "We will grow our company by offering our customers a superior service, and we intend to do so by having the most experienced, dedicated and professional management team in the communication services industry. Our new acquisition of CableNet provides us the management talent, world-class technicians, and a like-minded philosophy of focusing in a performance, metric-driven way on our customers. This partnership with CableNet matches Aero Communications’ strategy of growing our national footprint for our customers while providing them the additional service and support capabilities for their networks and end-customers."
