The company is a provider of outside plant services to telecom and coaxial cable infrastructure providers, with services that include retrofit upgrades and installation of new networks. Additionally, the company provides underground gas, electric and water infrastructure design and construction.
In September 2012, Cerberus Business Finance agented a $36 million Senior Secured Credit Facility, proceeds of which, in addition to an investment from a private equity sponsor, were used to finance the acquisition of the company and provide the company with ongoing working capital. Subsequently in 2013 and 2014, the Senior Secured Credit Facility was up-sized several times, ultimately to $80 million, in order to finance several acquisitions and make a distribution to shareholders.
