Borgman Capital Acquires SRU Electric and SatTel Broadband (added to AscendTek)
April 27, 2021
Borgman Capital acquired SRU Electric, Inc. and SatTel Broadband, Inc., adding both telecommunications infrastructure contractors to its AscendTek platform. The add-on acquisitions expand AscendTek’s geographic footprint and capabilities to support accelerated 5G network infrastructure rollouts across the U.S.
- Buyers
- Borgman Capital, AscendTek
- Targets
- SRU Electric, Inc., SatTel Broadband, Inc.
- Sellers
- Chris Poteet (former owner of SRU Electric), Robert Young Sr. (former owner of SatTel Broadband)
- Platforms
- AscendTek
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Addon
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