Borgman Capital Acquires SRU Electric and SatTel Broadband (added to AscendTek)
April 27, 2021
Borgman Capital acquired SRU Electric, Inc. and SatTel Broadband, Inc., adding both telecommunications infrastructure contractors to its AscendTek platform. The add-on acquisitions expand AscendTek’s geographic footprint and capabilities to support accelerated 5G network infrastructure rollouts across the U.S.
- Buyers
- Borgman Capital, AscendTek
- Targets
- SRU Electric, Inc., SatTel Broadband, Inc.
- Sellers
- Chris Poteet (former owner of SRU Electric), Robert Young Sr. (former owner of SatTel Broadband)
- Platforms
- AscendTek
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
TAK Broadband Acquires Gulbranson Services
October 9, 2025
Telecommunications
TAK Broadband has acquired Gulbranson Services, Inc. (GSI), a Victorville, California-based telecommunications contractor that provides drop bury, maintenance and fiber-to-the-home construction services, from founder Bob DeLaHoussaye. The deal is an accretive tuck-in to TAK (which is PE-backed by Platinum Equity) to strengthen TAK's Southern California presence and expand its FTTH construction and maintenance capabilities.
-
Sovereign's Capital Acquires Ascend Wireless Networks
February 1, 2023
Telecommunications
Sovereign's Capital, a lower middle-market private equity firm, has acquired Ascend Wireless Networks, a design-build telecommunications infrastructure and tower services contractor founded in 2013. Hyde Park Capital served as the exclusive sell-side advisor to Ascend's shareholders; the acquisition positions Ascend to expand its telecom infrastructure capabilities under Sovereign's ownership.
-
Allbridge Acquires Sonu Satellite
November 16, 2022
Telecommunications
Allbridge, a Raleigh-based property technology solutions provider, has acquired Sonu Satellite, a national dealer of commercial, lodging, and institutional DIRECTV systems. The deal will combine Sonu's hospitality relationships and installation expertise with Allbridge's property-technology offerings to expand Allbridge's footprint in the economy and midscale hotel market.
-
Telarus Acquires Comtel Communications
June 16, 2021
Telecommunications
Telarus, the largest privately held technology services distributor, has acquired Comtel Communications, a Richmond, Virginia-based telecom master agency. The deal expands Telarus' partner network and resources to support Comtel's subagents, aiming to drive growth, secure partnerships, and improve partner earnings and support.
-
Bernhard Capital Partners Acquires TechServ to Establish Utility Engineering & Consulting Platform
June 2, 2025
Engineering Services
Bernhard Capital Partners (BCP) has acquired TechServ, a utility engineering and service provider headquartered in Tyler, Texas, to establish a new utility engineering and consulting platform. The investment positions the platform to support grid modernization, electrification, and telecom infrastructure expansion across the electric power and telecommunications sectors.
-
ENTRUST Solutions Group Acquires FiberRise Communications
August 16, 2022
Telecommunications
ENTRUST Solutions Group, backed by Kohlberg & Company, has acquired FiberRise Communications, a Huntsville, Alabama–based provider of utility broadband consulting, engineering and fiber network build/operate services. The acquisition expands ENTRUST's utility broadband and grid modernization capabilities and footprint, enabling support for electric cooperatives, municipalities and investor-owned utilities.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.