New England Electrical Expands Telecom Services Platform with Molicom Partnership

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.

Pfingsten Invests in New England Electrical Contracting

October 20, 2021

Industrial Services

Pfingsten, an operationally focused private equity firm, made a platform investment in New England Electrical Contracting, LLC, a Kingston, Massachusetts-based provider of electrical services supporting 5G deployment, EV charging and utility customers. The transaction closed on October 6, 2021; founder Kevin Farrell retained significant equity and Pfingsten said it will support growth through investments in people, infrastructure, geographic expansion and add-on acquisitions.

New England Electrical (Pfingsten) Acquires Atlas Innovative Services

August 23, 2022

Telecommunications

Pfingsten-backed New England Electrical Contracting, LLC has acquired Atlas Innovative Services, Inc., a provider of maintenance, repair and upgrade services for critical telecommunications infrastructure headquartered in Pembroke, Massachusetts with operations in Punta Gorda, Florida. The add-on expands New England Electrical's service coverage across New England and provides a foothold in the growing Florida telecom services market.

Pfingsten Acquires Tempest Telecom Solutions

December 13, 2022

Telecommunications

Pfingsten, an operationally focused private equity firm, acquired Tempest Telecom Solutions, a US-based provider of network telecommunications equipment distribution and repair services, on December 2, 2022. Pfingsten plans to scale Tempest as a platform, expanding its technical service and product distribution capabilities organically and via add-on acquisitions.

Mobile Communications America Acquires Madel Enterprises, LLC

July 7, 2021

Telecommunications

Mobile Communications America (MCA) has acquired Madel Enterprises, LLC, a Richmond, Virginia-based provider of electrical, low-voltage, security and audiovisual solutions. The acquisition expands MCA's security and low-voltage capabilities and strengthens its regional footprint in Virginia.

USTC Corp Acquires Multicom

June 20, 2022

Logistics & Distribution

USTC Corp, part of the ETC Group family, has acquired Multicom, a Florida-based manufacturer and full-line stocking distributor of telecom and technology products. The acquisition expands USTC's U.S. footprint (now 13 locations), strengthens its East Coast presence, and adds Multicom's product lines and Latin American customer relationships to the group's capabilities.