Moorgate Capital Partners Acquires ITC Service Group, Inc.
June 6, 2016
An affiliate of Moorgate Capital Partners partnered with ITC Service Group management to acquire substantially all assets of ITC Service Group, Inc. from its founding shareholders. ITC, a Citrus Heights, California–based provider of planning, design, installation and maintenance services for fiber-to-the-home and broadband networks (approximately 700 employees), will be supported to accelerate growth; debt financing was provided by Credit Suisse Park View BDC, QS Capital Strategies (Quilvest) and California Bank & Trust.
- Buyers
- Moorgate Capital Partners, LLC
- Targets
- ITC Service Group, Inc.
- Sellers
- Founding shareholders of ITC Service Group, Inc.
- Industry
- Telecommunications
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
AFL Acquires Majority Stake in ITC Service Group
May 27, 2019
Telecommunications
AFL (a Fujikura subsidiary) has purchased a majority stake in ITC Service Group, a Sacramento-based provider of fiber optic network services, outside plant, wireless and workforce solutions. ITC will continue operating under its name with roughly 600 employees; affiliates of Moorgate Capital Partners and Tim Sauer will remain shareholders and Jim Rush was named ITC president.
-
Marlink Group Acquires ITC Global
January 22, 2021
Telecommunications
Marlink Group, an Apax Partners portfolio company, entered into a definitive agreement to acquire 100% of ITC Global, a US-based provider of enterprise satellite communications solutions. The deal (originally announced January 2021 and completed after regulatory approvals) will integrate ITC Global into the Marlink platform to expand the Group's managed satcom capabilities and strengthen its presence in the energy, enterprise and maritime markets — particularly in the US, the UK and Australia.
-
Service Express Acquires The ICC Group
September 7, 2021
IT Services
Service Express, a PE-backed global data center solutions provider, has acquired The ICC Group, a U.K.-based data center services and managed-services provider. The deal expands Service Express's U.K. presence and multivendor capabilities, combining The ICC Group's distribution network and technical team with Service Express's global platform (Service Express is a portfolio company of Harvest Partners).
-
Montagu Private Equity Acquires Majority Stake in ITRS Group from TA Associates
January 19, 2021
Software
Montagu Private Equity has agreed to acquire a majority position in ITRS Group from TA Associates, which will remain a minority shareholder alongside Montagu and ITRS management. ITRS, a London-headquartered provider of real-time monitoring and analytics software with more than 3,000 clients globally, will partner with Montagu to accelerate growth and expand its product and market footprint.
-
TJC, L.P. (The Jordan Company) Acquires Industrial Service Group Holdings, LLC
December 19, 2022
Industrial Services
TJC, L.P. (The Jordan Company) has acquired Industrial Service Group Holdings, LLC (The Industrial Service Group) in a sale from KCM Capital Partners, with PNC Mezzanine Capital, Five Points Capital, and ISG management among the sellers. The transaction represents the exit of KCM's buy-and-build investment in ISG, a provider of recurring outsourced MRO services and rotating equipment repair, service and distribution for industrial end markets.
-
Service Express Acquires iTech Solutions Group and iInTheCloud
July 5, 2022
IT Services
Service Express, a Grand Rapids-based data center and infrastructure solutions provider, acquired managed services provider iTech Solutions Group and cloud hosting provider iInTheCloud to expand its IBM i managed services and cloud hosting capabilities in the U.S. The deals (announced July 5, 2022) broaden Service Express’s IBM Power/IBM i offerings and accelerate its managed and infrastructure services growth domestically and internationally.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.