Moorgate Capital Partners Acquires ITC Service Group, Inc.
June 6, 2016
An affiliate of Moorgate Capital Partners partnered with ITC Service Group management to acquire substantially all assets of ITC Service Group, Inc. from its founding shareholders. ITC, a Citrus Heights, California–based provider of planning, design, installation and maintenance services for fiber-to-the-home and broadband networks (approximately 700 employees), will be supported to accelerate growth; debt financing was provided by Credit Suisse Park View BDC, QS Capital Strategies (Quilvest) and California Bank & Trust.
- Buyers
- Moorgate Capital Partners, LLC
- Targets
- ITC Service Group, Inc.
- Sellers
- Founding shareholders of ITC Service Group, Inc.
- Industry
- Telecommunications
- Location
- California, United States
- Transaction Type
- Buyout
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