Mar 18 2016
Centerline Solutions, a leading provider of wireless infrastructure services to the telecommunications industry, today announced that it has added Florida-based UCI Construction Services into its operation—an acquisition that immediately makes Centerline one of the leading wireless infrastructure services providers in the U.S.
This strategic partnership not only expands the company’s turnkey wireless services to a new geographic region of the United States, but also enhances Centerline’s construction capabilities through the addition of UCI’s highly-respected team and resources.
Centerline Solutions is a fast-growing leader in the wireless industry, providing a full suite of services to design, build, modify and maintain the infrastructure for wireless networks. The company has seen nearly triple-digit growth over the past three years, and its customers include all of the major wireless providers, equipment manufacturers, tower owners, government entities and private industries.
“UCI is known throughout the Southeast as a leading wireless construction company. Their commitment to safety, training and quality align extremely well with Centerline’s philosophy,” said Benjamin Little, CEO of Centerline Solutions. “We are also very excited to be able to offer our full suite of services—RF, structural and electrical engineering, site acquisition, program management—to UCI’s customers. Together, we will offer the wireless industry more precise scheduling and better quality control.”
Todd Schlemmer, CEO of UCI, stated, “We are thrilled to be joining Centerline. Their culture, services, software and reputation are a perfect match with UCI, and this partnership is a great fit for our long term strategic growth.”
The acquisition of UCI Construction is Centerline’s eighth since its founding. Prior to UCI, Centerline Solutions’ largest acquisition was of Cascadia PM, a Washington-based leading provider of wireless project program management, in January 2015. Other acquisitions from the past 18 months include IDC Joint Venture (Hawaii, Aug. 2015), Wireless Limited (Colorado, May 2015) and KbarM Consulting (Idaho, Aug. 2014).
The acquisition of UCI gives Centerline Solutions an additional 45 employees, bringing the company’s total to over 420—a workforce that allows Centerline to provide a comprehensive set of services and resources to meet any customer’s needs. The company has offices in Denver, CO; Phoenix, AZ; Olympia, WA; Portland, OR; Seattle, WA; Rochester, NY; Honolulu, HI; and now Tampa, FL. Centerline handles projects throughout North America, including Canada and Mexico, and the company has contributed to projects abroad in Malaysia, China and Australia, as well.
In order to complete this transaction and prepare Centerline for future growth, the company has recapitalized with an equity investment from Concentric Equity Partners and a new credit facility led by Bank of the West’s Commercial Banking Group. Concentric has a specific objective to invest in Colorado-based companies, and the Centerline investment represents an important new strategic investment. All of the current investors in Centerline will maintain ownership interests and there will be no changes to the leadership team beyond the addition of UCI.
Source: http://www.centerlinesolutions.com