Pfingsten-backed NEC Acquires Eastern Communications, LLC
November 2, 2022
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.
- Buyers
- NEC, Pfingsten
- Targets
- Eastern Communications, LLC
- Sellers
- Eastern Communications owners (including Steve Slade)
- Platforms
- NEC
- Industry
- Telecommunications
- Location
- Connecticut, United States
- Transaction Type
- Addon
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