IdeaTek Acquires Velocity (Velocity High-Speed Internet Service) from Butler Electric Cooperative

Oak Hill Capital and Pamlico Capital Invest in IdeaTek Telcom and Socket Telecom to Build Midwest Fiber Platform

July 8, 2025

Telecommunications

Oak Hill Capital and Pamlico Capital have made a strategic investment in IdeaTek Telcom and Socket Telecom, combining the two regional fiber internet providers to create a scaled Midwest fiber internet service provider. TPG Peppertree will sell its existing stake while reinvesting alongside the two firms; the combined company will expand fiber networks across Kansas and Missouri with a goal to pass over 500,000 homes in the Midwest by 2028.

Vero Fiber to Acquire Telephone Electronics Corporation (TEC)

November 5, 2025

Infrastructure

Vero Fiber (Vero Broadband, LLC) and Telephone Electronics Corporation (TEC) entered into a definitive merger agreement for Vero to acquire TEC. The acquisition will expand Vero’s fiber-to-the-premises footprint into the Southeast, building on TEC’s broadband presence across Mississippi, Alabama, and Tennessee.

Vero Fiber Acquires BendTel, Inc.

December 1, 2025

Telecommunications

Vero Broadband (operating as Vero Fiber) has completed the acquisition of BendTel, Inc. following final FCC approval, closing on December 1, 2025. The deal brings BendTel's staff, fiber infrastructure, and commercial customer base into Vero to accelerate residential Fiber-to-the-Home expansion across Bend and broader Central Oregon.

Velocity Group International Acquires Label Interactive Technologies

February 4, 2026

Industrial Services

Velocity Group International has announced its acquisition of Label Interactive Technologies, a specialist in international carton labeling and item-level labeling services. The combined company will offer an end-to-end labeling partner for global brands and retailers, expanding innovation and improving supply chain visibility and time-to-market.

QualTek Acquires Urban Cable Technology

October 15, 2021

Telecommunications

QualTek, a national provider of telecom and infrastructure services, has acquired Urban Cable Technology, a regional telecom contractor based in West Chester, Pennsylvania. The acquisition expands QualTek’s wireline capabilities and geographic footprint in the Northeastern United States; financial terms were not disclosed.

CSI Acquires Velocity Solutions from H.I.G. Capital

September 18, 2024

Software

CSI, a provider of end-to-end financial software, has acquired Velocity Solutions from H.I.G. Capital. Velocity Solutions — a nearly 30-year-old provider of deposit acquisition, customer engagement and intelligent overdraft management software that serves more than 30 million consumers — will be integrated into CSI's suite of products; terms were not disclosed.