Extends capabilities and nationwide presence as a leader in turnkey digital networking solutions
BOULDER, Col., May 5, 2022 / PRNewswire / – Congruex, a national end-to-end provider of digital network design and implementation services, announced today that it has completed the acquisitions of telecommunications service providers Tower Engineering Solutions, LLC (“TES”) and Sorensen Companies Inc. (“SCI”). Financial terms of the transactions were not disclosed.
Founded in 2012, TES is a structural engineering company focused on wireless tower infrastructure. Based in Dallas, TES leverages proprietary software and analytical tools to support customers in reducing time to market, ensuring compliance with industry standards, all while achieving substantial cost savings for their customers. TES’s experience and suite of services, from mountain mapping and structural analysis to modifications and inspections, will integrate and add new capabilities to Congruex’s existing wireless solutions. TES was founded by Robert SemanExecutive Partner, and is led by Doug HuffGeneral manager.
SCI, a telecommunications infrastructure services company, was founded in 1977 by Craig Sorensen and provides turnkey solutions for fiber and wireless infrastructure, from overhead and underground fiber optic systems to outdoor plant construction (OSP). Based in Syracuse, Utah, SCI is one of the leading FTTH surface excavation experts in the country and will extend the Congruex platform to the mountainous region, where SCI is a leading telecommunications contractor. SCI will provide synergies with Congruex’s existing engineering capabilities. Jeremy Bowles will be the General Manager.
“We have identified TES and SCI as sharing many qualities that naturally align with Congruex: industry-leading engineering and construction expertise, a dedication to customer service and a commitment to cutting edge innovation,” he said. Bill beans, CEO of Congruex. “These two acquisitions will strengthen our turnkey digital network design and solution creation and broaden our national reach. We are delighted to welcome TES and SCI to the One Congruex family and look forward to collaborating. with their existing leadership and employee teams to better serve customers and accelerate growth. “
Tower Engineering and Sorensen Companies are the seventeenth and eighteenth acquisitions that Congruex has concluded and integrated since 2017, the year in which it established a partnership with Crestview Partners, one of the main New Yorkprivate equity firm headquartered with significant experience in the cables, telecommunications and business services sectors.
Congruex was recommended by Berg Hill Greenleaf Ruscitti. Carriage Hill served as financial advisor to TES e Reid Dennis served as legal counsel. Skyway Capital Partners was a financial advisor to SCI and Hale & Wood was a legal advisor.
Congruex was formed in late 2017, in partnership with Crestview Partners, to tap into the historic demand for digital connectivity in the United States Congruex integrates leading engineering and construction companies into a single turnkey platform with networking capabilities that include program management, engineering, construction, and utility transfer. Congruex customers benefit from using their self-performing services separately or as part of an end-to-end solution. Congruex provides engineering services nationwide and is steadily expanding its construction footprint, which currently serves the Pacific Coast, Rocky Mountain, Central, South Central, Midwest, and Southeast regions. For more information: www.congruex.com.
Crestview Partner Information
Founded in 2004, Crestview is a value-oriented private equity firm focused on the mid-market. The company is based in New York and manages the funds with approx 10 billion dollars of total capital commitments. The firm is led by a group of partners who have complementary experience and distinct backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and investment management in each of the company’s areas of specialization: media, industry, and financial services. For more information, visit www.crestview.com.
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