Nitel Acquires WAN Dynamics

Cinven Invests in Nitel

November 18, 2021

Telecommunications

Cinven has agreed to make a significant majority investment in Nitel, a Chicago-based provider of managed internet connectivity, SD-WAN and managed cybersecurity services for multi-site SMEs. Financial terms were not disclosed; the deal is an acquisition from the founders and Cinven intends to support Nitel’s organic growth and buy-and-build strategy to expand into adjacent services.

Comcast Business Acquires Nitel from Cinven

April 1, 2025

Telecommunications

Comcast Business has completed its acquisition of Nitel, a Chicago-based managed network and security services provider, from private equity firm Cinven. The deal expands Comcast Business' connectivity, secure networking and managed services capabilities and strengthens its ability to serve enterprise clients across industries such as financial services, healthcare and education.

Nitel Acquires Hypercore Networks

June 27, 2022

Telecommunications

Nitel, a Chicago-based Network as a Service (NaaS) provider, announced the acquisition of Garland, Texas-based Hypercore Networks. The deal — executed as part of Nitel's inorganic growth strategy following a Cinven investment — expands Nitel's U.S. footprint, accelerates international growth, and adds complementary capabilities including voice solutions and additional SD-WAN platforms.

Impel Acquires Pump Dynamics

February 12, 2025

Industrial Services

Impel, a Pike Street Capital-backed flow management platform, has acquired Pump Dynamics, a Washougal, Washington-based provider of pump and flow-management products, services and engineered systems. The add-on expands Impel's geographic footprint into Arizona and broadens its service capabilities—particularly in the semiconductor and data-center end markets.

NewNet to Acquire Nokia Siemens Networks' WiMAX Business

March 15, 2022

Telecommunications

NewNet Communication Technologies, a Skyview Capital portfolio company, announced plans to acquire the WiMAX business from Nokia Siemens Networks, including the full product portfolio, related employees and assets, and active customer and supplier contracts. Approximately 300 Nokia Siemens Networks employees (many in suburban Chicago, USA and Hangzhou, China) are expected to transfer; the deal was expected to close before December 31, 2011 and terms were not disclosed.

Tailwind Capital Acquires Onix Networking Corporation

July 1, 2022

IT Services

Tailwind Capital has partnered with Onix Networking Corporation in a transaction to support Onix's next phase of growth and build a leading Google Cloud partner. The investment will fund expansion of Onix's advanced services (including consulting, application development, data & analytics and managed services) and enable a strategy of scaling globally and pursuing add-on acquisitions.