Resilience Capital Partners Acquires Fulton Technologies As Its Fourth Add-On Investment To Its Aero Communications Portfolio Company
CLEVELAND, August 18, 2014-- Resilience Capital Partners, a Cleveland-based private equity firm, has announced the acquisition of Fulton Technologies, a provider of maintenance and aftermarket services to the wireless industry in the Midwestern United States. Fulton Technologies is Resilience Capital Partners' fourth add-on acquisition by its Aero Communications investment platform, which it acquired in October 2012. Aero Communications is a leading 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, stated "We are always looking for strategic ways to enhance the value of Aero for its wireless customers, and the Fulton investment does just that." Rosen continued, "From the very early days of the Aero platform we understood the importance of reducing risk for our customers and being a world-class service provider; after four add-on investments, we believe we have accomplished that task and yet continue to seek out interesting owners and operators in the space who want a partnership with Aero and Resilience." Michael Cavanaugh, a Partner at Resilience Capital Partners, added "Fulton is a truly exceptional company that provides high-quality niche maintenance and monitoring services to blue-chip wireless customers throughout the Midwestern United States." Cavanaugh continued, "We are very excited to have such a talented group of professionals join the Aero team, and look forward to leveraging their unique capabilities to further strengthen and enhance our partnership with customers."
"Fulton is an excellent provider of wireless tower services, and will enhance our business on multiple fronts. Our customers have been asking us to increase resources and expand our geographic footprint, and this acquisition allows us to do both," said Greg McCray, CEO of Aero Communications. "Fulton also enables us to deepen our relationships with municipalities. We're enthusiastic about what this means for our customers."
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners invests in niche-oriented manufacturing, distribution and business service companies located in the Midwestern and Mid-Atlantic United States with sustainable market positions and a clear path to cash flow improvement. Resilience Capital targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it can improve a company's operations, competitive positioning and profitability. Since its founding in 2001, Resilience Capital has invested in 39 companies under 22 platforms. Its portfolio companies today employ more than 5,000 people in 14 states and collectively represent over $2 billion in revenues. Resilience Capital manages in excess of $320 million for its global investor base which includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants. For more information, please visit www.resiliencecapital.com.
About Aero Communications
Headquartered in Canton, Michigan, Aero Communications employs approximately 1,600 technicians, engineers, customer service and related support personnel in field offices throughout the United States. Aero Communications' scope of services includes end-to-end system design and engineering, construction, wiring, installation, maintenance and repair solutions, serving leading telecommunications and cable service providers throughout the United States. For more information, please visit www.aerocommunications.com.
About Fulton Technologies
Headquartered in Roselle, Illinois, Fulton Technologies performs construction, repair, and maintenance of cell site and tower facilities for leading wireless carriers and related service partners. Fulton also provides site studies, radio frequency interference testing, inventory management, and other support services. Operating in Illinois, Wisconsin, Indiana, Michigan, Iowa, and South Dakota, Fulton also supplies civil alert systems and services to numerous municipalities and utility companies.
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