QualTek, a world-class technology-driven provider of turnkey engineering, construction, fulfillment, and project management services to the telecommunications industry, has acquired the assets of FDH Velocitel related to their Velocitel and Site Safe divisions (Velocitel) from The Willis Stein Private Equity Group, the company said.
Velocitel provides site-acquisition, design, engineering, implementation, upgrade, maintenance, and RF compliance services for wireless infrastructure.
The combination of QualTek and Velocitel will double the size of the legacy platform and significantly expand its presence into 35 states with over 1,200 employees nationwide. In addition, the acquisition is highly complementary given minimal geographic overlap, creating a provider of wireless, wireline, and fulfillment services on a national scale.
Jefferies LLC acted as exclusive financial advisor to Velocitel and Kirkland & Ellis LLP as Velocitel´s legal advisor.
QualTek is a turnkey provider of engineering, construction, fulfillment and project management services to the telecommunications industry. The company is a one-stop infrastructure services solutions provider addressing wireline (NX Utilities), wireless (Empire Telecom), and residential and commercial fulfillment (QualSat).
Velocitel is a 30-year old wireless network services company delivering a complete suite of professional services to acquire, design, engineer, implement, upgrade and maintain wireless infrastructure sites.