Resilience Capital Partners Acquires Advanced Communications
CLEVELAND, Oct. 23, 2012 /PRNewswire/ — Resilience Capital Partners, a Cleveland-based private equity firm focused on buying and improving lower mid-market companies in a broad range of industries, has announced the acquisition of Advanced Communications, Inc. through its newly-formed entity, Aero Communications, Inc. (“ACI”). ACI is a leading provider of telecommunications infrastructure services to businesses, individuals and governments. ACI is Resilience Capital Partners’ first acquisition in the infrastructure services industry and its fifth platform investment in The Resilience Fund III, L.P.
“We are excited to partner with ACI, an established business partner to some of the leading telephone and cable television systems in the country,” said Steve Rosen, Co-CEO of Resilience Capital Partners. “ACI has a well-established franchise, committed employees and valued expertise, providing a strong foundation from which to grow the business. We look forward to working with the firm’s management and employees to help ACI become the very best company it can be.”
Michael A. Falsetti, founder of Advanced Communications, commented, “ACI is looking forward to its partnership with Resilience, a firm with an outstanding reputation for reinvesting in, and strengthening, the prospects of its portfolio companies. We look forward to working with Resilience to take our operations to the next level.”
Michael Cavanaugh, a Principal at Resilience Capital Partners, added that “ACI’s forward-thinking management team, skilled technicians and efficient vehicle fleet provide our customers with unmatched resources to support their efforts to capitalize on the favorable growth trends in the communications industry. We plan to place our customers’ needs at the very core of our corporate strategy and foster a strong culture of reliability, professionalism and customer satisfaction.”
Doug Campbell, a Senior Vice President of Resilience Capital Partners’ Operations Group who will direct the firm’s investments in its new infrastructure services platform, stated “ACI is well positioned to take advantage of the vast amount of new infrastructure being built to meet increased consumer demand for greater speed and broader access to communication networks. Further, the trend toward bundling of voice, video and data services in the residential and commercial end markets provides ACI with a unique opportunity to strengthen our service partnerships with U.S.-based cable providers as the industry consolidates with fewer, larger service subcontractors such as ACI.”
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners is a leading private equity firm with a team of in-house operating experts that bring large company resources to the lower middle market. Founded in 2001 by Bassem Mansour and Steve Rosen, Resilience Capital Partners’ value-oriented investment strategy focuses on acquiring companies experiencing a variety of special situations within a broad range of industries. Since its inception, Resilience Capital Partners has invested in 27 companies under 19 platforms, together representing over $2.5 billion in revenues and over 5,000 employees. Resilience Capital Partners manages multiple private equity funds with capital under management in excess of $320 million. For more information, please visit www.resiliencecapital.com.
About Aero Communications, Inc.
Headquartered in Canton, Michigan, Aero Communications (“ACI”) employs approximately 1,000 technicians, engineers, customer service and related support personnel in field offices throughout 12 states. ACI’s scope of services includes end-to-end system design and engineering, construction, wiring, installation, maintenance and repair solutions, serving leading telecommunications and cable service providers such as Comcast, Charter Communications, Cablevision and TimeWarner Cable.
Contact Information ------------------- Steve Rosen Michael Cavanaugh Resilience Capital Partners Resilience Capital Partners (216) 292-4535 (216) 755-1258 Contact: Stewart Lewack (781) 878-8882 firstname.lastname@example.org
SOURCE Resilience Capital Partners