Sangoma Technologies Acquires Star2Star Communications

T2S Solutions, Backed by Madison Dearborn Partners, Acquires Blue Marble Communications

March 18, 2025

Aerospace & Defense

T2S Solutions, a mission-focused defense and space technology provider backed by Madison Dearborn Partners, has acquired Blue Marble Communications, a San Diego-based designer and manufacturer of space‑qualified communications and computing technologies. The deal expands T2S' capabilities and scale in high‑performance satellite communications, optical terminals, RF modems, and onboard processing to serve U.S. national security and commercial space markets.

Gilat Satellite Networks Acquires Stellar Blu Solutions

June 17, 2024

Aerospace & Defense

Gilat Satellite Networks has acquired Stellar Blu Solutions, a U.S.-based provider of next-generation ESA-based SATCOM terminals for in-flight connectivity. Gilat paid $98 million at closing with up to $147 million of additional contingent cash payments tied to post-closing milestones; the deal strengthens Gilat's capabilities and market position in the commercial and business aviation IFC market.

Sangoma Technologies Acquires NetFortris from Spire Capital

March 29, 2022

Cloud & SaaS

Sangoma Technologies Corporation acquired NetFortris Corporation from private equity firm Spire Capital Partners for USD $68 million upfront plus up to $12 million in earn-outs (total up to $80 million). The acquisition adds NetFortris' UCaaS and managed MSP capabilities (approx. 250 employees, ~6,000 customers, ~60,000 seats, ~USD $50M revenue) to Sangoma's cloud communications platform to expand managed services and increase recurring revenue.

Comstar Technologies Acquires Technology Solutions, LLC

October 12, 2021

IT Services

Comstar Technologies has acquired Technology Solutions, LLC, a Livonia, Michigan-based provider of IP telephony and managed IT services. The acquisition expands Comstar's Midwest footprint and broadens Technology Solutions' solutions portfolio; Technology Solutions will continue operating under its name for the remainder of 2021 while the combined teams integrate and Comstar opens a local location in early 2022.

Comstar Technologies Acquires Comtel VoIP, Inc.

October 8, 2020

Telecommunications

Comstar Technologies, a West Chester, Pennsylvania-based provider of telecommunications, managed IT, physical security, and audio-visual solutions, has acquired Comtel VoIP, Inc., a Tonawanda, New York-based hosted telephony provider. The acquisition expands Comstar's footprint in Pennsylvania and Western New York and broadens Comtel's solution portfolio beyond voice while keeping Comtel operating under its current name.

Genstar Capital Acquires Majority Stake in Blue Star Sports

April 10, 2017

Cloud & SaaS

Genstar Capital has made a majority equity investment in Blue Star Sports to fund strategic acquisitions and accelerate the company's organic growth. Blue Star Sports — a Frisco, Texas–based provider of sports management software and payment solutions — will continue to have material ownership by founder Rob Wechsler, the Jerry Jones family, and Providence Strategic Growth while using the new capital to expand in North America and internationally.