Lee Equity Partners and Twin Point Capital Acquire Alliance Corporation

Alliance Corporation Merges with GetWireless

November 9, 2022

Telecommunications

Alliance Corporation announced a merger with GetWireless, LLC to expand its value‑added distribution footprint for wireless telecommunications and IoT connectivity solutions across the U.S. and Canada. Funds managed by Lee Equity Partners and Twin Point Capital have invested in Alliance; financial terms were not disclosed.

Lee Equity Partners and Twin Point Capital Acquire TESSCO Technologies

April 12, 2023

Telecommunications

Entities affiliated with Lee Equity Partners and Twin Point Capital agreed to acquire TESSCO Technologies Inc. for $9.00 per share in an all-cash transaction valuing the company at approximately $161.4 million. The buyer group — which also includes portfolio companies Alliance Corporation and GetWireless — plans to combine capabilities and maintain Tessco’s facilities to create a leading value-added telecommunications distributor in North America; the deal expected to close in Q3 2023 subject to customary approvals.

Alliance US Holdings, LP Acquires DiscountCell, LLC

October 2, 2023

Telecommunications

Alliance US Holdings, LP (backed by Lee Equity Partners and Twin Point Capital) has acquired DiscountCell, LLC, a government-contract-awarded vendor providing procurement access for state and local governments and education organizations. The deal expands Alliance's value-added wireless distribution platform (which includes Alliance Corporation, GetWireless, and TESSCO) and strengthens its government/public-sector and IoT/fixed wireless capabilities.

Incline Equity Partners Acquires Alliance Environmental Group

January 18, 2022

Environmental Services

Pittsburgh-based private equity firm Incline Equity Partners has acquired Alliance Environmental Group, a California-headquartered provider of environmental remediation and indoor air quality services. Alliance, previously a portfolio company of MFG Partners and ORIX Corporation USA Private Equity Solutions, operates 14 locations across CA, AZ, NV and WA; Incline plans to support geographic and capability expansion and further consolidation in the sector. Terms were not disclosed; Baird served as financial advisor to Alliance.

Morgan Stanley Capital Partners Acquires Alliance Technical Group from Align Capital Partners

July 20, 2021

Environmental Services

Morgan Stanley Capital Partners (MSCP) has acquired a controlling interest in Alliance Technical Group, a Decatur, Alabama–based provider of air emissions testing, monitoring and analytical services, from Align Capital Partners. MSCP will partner with Alliance's management led by CEO Chris LeMay to continue geographic expansion and M&A-driven growth while the management team and employees retain a meaningful ownership stake.

LoneTree Capital Acquires Angle Point Capital

February 2, 2021

Financial Services

LoneTree Capital announced a definitive agreement to acquire the assets of Angle Point Capital. Angle Point will continue operating under the LoneTree brand with its existing team and assets intact, while LoneTree intends to expand support to Angle Point’s portfolio companies and grow its footprint and network.