BOSTON, March 25, 2019 (GLOBE NEWSWIRE) -- Neutral Connect Networks announced today the acquisition of Connectivity Wireless Solutions by M/C Partners, a Boston-based private equity firm which is the leading equity investment firm for Neutral Connect Networks. M/C Partners acquired Connectivity Wireless Solutions and its subsidiaries, including Simplifi DAS Holdings, with a plan to consolidate the businesses to accelerate growth in the neutral-host infrastructure and in-building wireless services business.
“These businesses are natural complements to one another and create a combined entity with enhanced scale, industry-leading technical expertise, and the operational capacity to support the growth in this market,” said Brian Clark, Managing Partner at M/C Partners. “M/C Partners has a long and successful heritage in the wireless industry, and we believe the neutral-host infrastructure and in-building wireless business represents a significant growth opportunity, particularly with the planned deployments of CBRS, private LTE networks and the transition to 5G, which we are keen to participate in.”
As part of the acquisition, Stephen Bye has assumed the role of CEO of the newly combined companies. The senior leadership teams of Neutral Connect Networks and Connectivity Wireless Solutions will report directly to Bye, a wireless industry veteran with more than 27 years of experience working for wireless, cable and wireline service providers in the U.S. and abroad.
Over the coming weeks, the companies will reorganize to improve operating efficiencies to create a world-class organization. “Our team members represent the most important capability we have,” Bye said, “and we will work together to ensure we operate as efficiently as possible to deliver best-in-class solutions and services to our customers, supporting managed Wi-Fi, CBRS, private LTE networks, and the evolution to 5G and beyond.”
During the transition, the companies will remain focused on serving customers, which is their highest priority. “The combination of Neutral Connect Networks and Connectivity Wireless Solutions will enable us to pursue an acceleration of growth in the neutral-host infrastructure and in-building wireless services business, supporting wireless service providers, cable companies, venue owners, property developers and enterprise customers,” said Bye. “Our core strengths of integrity, reliability, technology leadership, operational excellence and time-to-market allow us to deliver enhanced value to all of our customers and their end customers.”
About Neutral Connect Networks: A Leading Provider of Neutral-Host Wireless Networks
Founded in 2016 and based in Boynton Beach, Florida, Neutral Connect Networks is a leading provider of wireless communications networks (including in-building wireless, managed Wi-Fi and small cells) used by major service providers to improve the quality of coverage with increased throughput and capacity in buildings, at sports and entertainment venues, in parks, transportation hubs, and business shopping districts around the U.S. For more information, visit www.neutralconnect.com.
About Connectivity Wireless Solutions: A Leading In-Building Wireless Systems Integrator
Connectivity Wireless Solutions, based in Duluth, Georgia, was founded in 2008 by Greg Jacobs, Blake Maffei and Clayt Mason with a mission to simplify the complexities of designing, installing, and maintaining in-building wireless distributed antenna systems. Over the course of 10 years, Connectivity Wireless Solutions has successfully engineered and deployed more than 2,700 in-building wireless networks which provide more than 500 million square feet of coverage across the U.S. The company remains committed to its original vision: to make world-class, high-quality in-building wireless coverage a more achievable reality for its customers. As part of the leadership transition, Greg Jacobs will join the board of the consolidated company. For more information, visit www.connectivitywireless.com.
About M/C Partners
Based in Boston, Massachusetts, M/C Partners is a private equity firm focused exclusively on the communications, information technology services and media sectors. The firm has invested over $2.2 billion of capital into nearly 100 companies, generally investing in companies with enterprise values of $25 million to $250 million. Related current and prior investments include Cavalier Telephone, Ensono, Everstream, Fusepoint, Denovo, ICG Communications, Involta, Lightower, MetroPCS, NuVox, Thrive Networks and Zayo Group. The firm has strong institutional backing from the nation's leading pension funds and endowments as well as a long track record of success. For more information, visit www.mcpartners.com.
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