Great Plains Communications Acquires Enhanced Telecommunications Corporation (ETC)

Pfingsten-backed NEC Acquires Eastern Communications, LLC

November 2, 2022

Telecommunications

Pfingsten’s portfolio company NEC acquired Eastern Communications, LLC, a Bloomfield, Connecticut-based provider of maintenance, repair and upgrade services for telecommunications infrastructure. The deal—NEC’s third add-on since Pfingsten became majority shareholder in October 2021—closed October 31, 2022; Eastern CEO Steve Slade will retain ownership and join NEC’s executive team as the combined platform expands geographic coverage and service capabilities.

Great Plains Communications Acquires Wood River Network from Fiber Nebraska

January 7, 2022

Telecommunications

Great Plains Communications (GPC), a Midwestern fiber operator backed by Grain Management, completed the acquisition of the 10.6-mile Wood River Network from Fiber Nebraska, LLC. The purchase extends GPC's fiber footprint into Wood River, Nebraska, enabling fiber-to-the-home and business services for roughly 500 homes and 60 businesses; financial terms were not disclosed.

Great Plains Communications Acquires USA Communications

October 1, 2021

Telecommunications

Great Plains Communications, a Grain Management-backed Midwestern telecom provider, has completed the acquisition of USA Communications, a fiber-focused service provider headquartered in Kearney, Nebraska. The deal expands Great Plains' regional fiber footprint and customer reach in Nebraska and Colorado; financial terms were not disclosed.

Quarterhill Inc. Acquires Electronic Transaction Consultants (ETC)

September 1, 2021

Transportation

Quarterhill Inc. completed the acquisition of 100% of Electronic Transaction Consultants, LLC (ETC), a Richardson, Texas-based intelligent transportation systems (ITS) and tolling provider, for C$150.0 million funded with C$75.0 million cash and C$75.0 million of syndicated debt. The deal gives Quarterhill a leading position in the U.S. tolling market, and Quarterhill expects ETC to generate C$95–120 million of annualized revenue (post-synergies) and C$12.5–15.0 million of Adjusted EBITDA within 12–18 months.

Align Capital Partners Acquires Electronic Transaction Consultants (ETC)

August 10, 2020

Transportation

Align Capital Partners, a growth-oriented private equity firm, has acquired Electronic Transaction Consultants (ETC), a Richardson, Texas-based provider of tolling and intelligent transportation systems. The partnership will support ETC’s expansion into adjacent mobility markets and accelerate development and commercialization of its riteSuite mobility products and managed services.

Great Plains Communications Acquires InterCarrier Networks

May 15, 2019

Telecommunications

Great Plains Communications, a Grain Management portfolio company, has acquired InterCarrier Networks, a regional fiber-optic carrier headquartered in St. Louis, Missouri. The deal adds roughly 2,037 route miles of fiber across Illinois, Indiana, the St. Louis metro and Kentucky to Great Plains’ network; financial terms were not disclosed and the transaction closed in August 2019.