Bow River Capital expands NextEdge, its telecommunications services platform with acquisitions of Tachyon and Spectrum Services

DENVER, July 7, 2021 /PRNewswire/ — Bow River Capital (“Bow River”) today announced that its telecommunications services platform, NextEdge, has completed the acquisition of AtlantaSBS Services Holdings, LLC and its subsidiaries, a holding company of MSouth Equity Partners (“Tachyon”) and VegasSpectrum Services, LLC (“Spectrum”).

The transactions have created a leading turnkey provider of wired and wireless telecommunications services with a coast-to-coast presence that will continue to play an important role in the development of 5G and fiber Internet in the world. country. These builds will be a key catalyst for transformational change across industries and will radically improve the way people and devices connect. The deployment of the next generation of wireless and wired technologies has the potential to create more than one hundred thousand skilled jobs for Americans. On the other side United States, NextEdge’s combined offerings provide comprehensive telecommunications infrastructure services, covering everything from site acquisition, installation, modification and maintenance of small cell and macro sites, as well as fiber construction . The collective enterprise is uniquely positioned to continue to meet the needs of its customers and communities while supporting the deployment of the next generation of network technologies.

“Today is an exciting and transformational day for our businesses, a day that celebrates the historic success of our collective operations and brings with it tremendous opportunity for our future achievements. Our combined businesses will continue a legacy of innovation and service-centered on the customer through an expanded platform of solutions supported by our highly experienced and dedicated workforce,” said Chris Maguire, CEO of NextEdge.

“The three companies significantly share common founding principles, core values ​​and cultures, providing a solid foundation for the combination,” said Chris Wener, CEO of Spectrum. “The complementary nature of these companies creates a company with a coast-to-coast footprint, including a presence in the largest wireless markets in the United States. It also offers turnkey wireless telecommunications services end-to-end, including small cell and macro capabilities as well as wireframe construction. All of these services will be executed by a combined team of over 500 people who are the best this industry has to offer,” added Chris Amato, CEO of Tachyon.

Bow River Capital seeks to invest in leading middle-market companies that advance the nation’s infrastructure by improving built environments and our network infrastructure. “Unifying these three businesses will strengthen our value-based customer approach by addressing complex network deployment challenges while simplifying the process for new and existing customers,” commented Greg Hiatride, managing director of Bow River Capital. Robert Fortier, Vice President of Bow River Capital, said, “The evolution of connectivity and communications is entirely dependent on next-generation densified wireless networking, and we’re proud to partner with the companies that are helping to make it one. reality. On behalf of its customers and their communities, NextEdge solves the challenges of network deployment and densification. We look forward to continuing our journey with the NextEdge team.”

Harris Williams served as financial advisor to Tachyon.

KeyBank Capital Markets served as lead left arranger and administrative agent and Citizens served as lead right arranger on the credit facility for the transactions.

Greenberg Traurig served as legal counsel for Bow River.

About NextEdge: NextEdge is a leading 5G infrastructure services company focused on the identification, design, engineering, construction, installation and maintenance of 5G small cell networks. Through its wholly-owned subsidiary Modus, the Company has deployed thousands of wireless telecommunications installations in some of the most challenging municipalities in US West and has become an industry leader in designing, building, upgrading and modifying these networks to the satisfaction of not only its customers but also the communities in which it works.

About Tachyon: Tachyon is based in Roswell, Georgia and provides design, build, optimization and maintenance services to owners and operators of fiber optic and wireless network infrastructure. The company’s main market includes Southeastern United States, with targeted customer programs in surrounding areas. Tachyon serves as prime contractor to several blue chip customers and is well positioned to meet the increased need for communications infrastructure driven by rapidly increasing wireline and mobile broadband data consumption. The combination of the two companies creates a coast-to-coast turnkey telecommunications service provider of unique scale and capability.

About Spectre: Spectrum is based on Las Vegas, Nevada and is a leading wireless infrastructure service provider in the telecommunications field service industry. Spectrum primarily operates in the Southwestern United States. The company was founded in Nevada in 1994 and has 5 regional offices with about 70+ employees.

About MSouth: MSouth is a private equity investment firm that provides equity and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 million and $200 million. Situated at Atlanta, with an office Nashville, TN, MSouth invests primarily in the South with a focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare and telecommunications/media companies. With over $2.2 billion Under management across four funds, MSouth is the successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.

About Bow River Capital: Bow River Capital is a private alternative asset management company based in Denver, Colorado focused on investing in the lower middle market across three asset classes including private equity, real estate and growth software.

SOURCE Bow River Capital

Sean B. Jackson