Buy-Out Group Led by Win-Light Global Seeks to Acquire ConnectM Technology Solutions
April 15, 2025
An investor buy-out group led by Win-Light Global (with SriSid LLC and Arumilli LLC) has increased its holdings in ConnectM Technology Solutions, Inc. and proposed to acquire all remaining shares at $1.60 per share in an investor-led take-private offer valuing the company at roughly $62 million. Following the latest purchase, the Buy-Out Group holds approximately 9.49 million shares (about 24.5% of outstanding shares); ConnectM's board is evaluating the proposal with financial advisor ThinkEquity.
- Buyers
- Win-Light Global Co. Ltd., SriSid LLC, Arumilli LLC
- Targets
- ConnectM Technology Solutions, Inc.
- Industry
- Energy
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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