COMSovereign Acquires Fastback Networks

COMSovereign Acquires Innovation Digital, LLC

April 14, 2021

Telecommunications

COMSovereign Holding Corp. (Nasdaq: COMS), a Dallas-based developer of 4G/5G communications systems, announced the acquisition of Innovation Digital, LLC, a developer of advanced mixed analog/digital signal processing solutions and IP. The deal totals $8.0 million in consideration (approximately $1.6M cash/convertible debt and $6.4M in restricted common stock), brings a portfolio of 21+ U.S. patents, is expected to contribute roughly $3M in licensing revenue this year, and names Dr. Scott Velasquez as COMSovereign's Chief Research Officer.

COMSovereign Acquires Manufacturing Assets of Fast Plastic Parts to Launch Sovereign Plastics

March 19, 2020

Manufacturing

COMSovereign Holding Corp. purchased the manufacturing assets, operations and customer contracts of Fast Plastic Parts and launched Sovereign Plastics, a wholly-owned U.S.-based plastics and metals components manufacturing operation in Colorado Springs. The acquisition provides COMSovereign with an onshore, just-in-time supply chain for components used in communications equipment and related electronic products, reducing lead times and reliance on overseas production.

COMSovereign Holding Corp Acquires RF Engineering & Energy Resource

July 16, 2021

Telecommunications

COMSovereign Holding Corp. (NASDAQ: COMS) has acquired RF Engineering & Energy Resource (RFEQ), a specialist in high-performance microwave antenna design, outsourced manufacturing and distribution, in a transaction involving restricted common stock (~$2.2M) and $550,000 cash. The acquisition brings in advanced antenna design capabilities, experienced engineering personnel and established sales/distribution channels serving tier‑1 telecom customers in the United States and Latin America to COMSovereign’s 4G/5G product portfolio.

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.

Verisk Acquires FAST from NexPhase Capital

December 4, 2019

Software

Verisk Analytics has agreed to acquire Flexible Architecture & Simplified Technology, LLC (FAST) from NexPhase Capital (co-managed with Moelis Capital Partners) for $193.5 million. FAST is a New Jersey–based provider of SaaS policy administration, new business and distribution management software for life insurers; NexPhase partnered with FAST in 2015 and helped transition the business to a recurring revenue model.

NewNet to Acquire Nokia Siemens Networks' WiMAX Business

March 15, 2022

Telecommunications

NewNet Communication Technologies, a Skyview Capital portfolio company, announced plans to acquire the WiMAX business from Nokia Siemens Networks, including the full product portfolio, related employees and assets, and active customer and supplier contracts. Approximately 300 Nokia Siemens Networks employees (many in suburban Chicago, USA and Hangzhou, China) are expected to transfer; the deal was expected to close before December 31, 2011 and terms were not disclosed.