Lee Equity Partners and Twin Point Capital Acquire TESSCO Technologies
April 12, 2023
Entities affiliated with Lee Equity Partners and Twin Point Capital agreed to acquire TESSCO Technologies Inc. for $9.00 per share in an all-cash transaction valuing the company at approximately $161.4 million. The buyer group — which also includes portfolio companies Alliance Corporation and GetWireless — plans to combine capabilities and maintain Tessco’s facilities to create a leading value-added telecommunications distributor in North America; the deal expected to close in Q3 2023 subject to customary approvals.
- Buyers
- Lee Equity Partners, Twin Point Capital, Alliance Corporation, GetWireless, LLC
- Targets
- TESSCO Technologies Incorporated
- Industry
- Telecommunications
- Location
- Maryland, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.