Corporate Finance Associates is pleased to announce that Resilience Capital Partners, a Cleveland-based private equity firm, has acquired Fulton Technologies, a provider of maintenance and aftermarket services to the wireless industry in the Midwestern United States. Fulton Technologies is Resilience Capital Partners' fourth add-on acquisition by its Aero Communications investment platform, which it acquired in October 2012. Aero Communications is a leading provider of customer-focused technology solutions to broadband and wireless providers, businesses, public venues, government facilities and residential subscribers. Corporate Finance Associates was exclusive advisor to Fulton Technologies.
Steven Rosen, Co-CEO of Resilience Capital Partners, stated “We are always looking for strategic ways to enhance the value of Aero for its wireless customers, and the Fulton investment does just that.” Rosen continued, “From the very early days of the Aero platform we understood the importance of reducing risk for our customers and being a world-class service provider; after four add-on investments, we believe we have accomplished that task and yet continue to seek out interesting owners and operators in the space who want a partnership with Aero and Resilience.” Michael Cavanaugh, a Partner at Resilience Capital Partners, added “Fulton is a truly exceptional company that provides high-quality niche maintenance and monitoring services to blue-chip wireless customers throughout the Midwestern United States.” Cavanaugh continued, “We are very excited to have such a talented group of professionals join the Aero team, and look forward to leveraging their unique capabilities to further strengthen and enhance our partnership with customers.”
“Fulton is an excellent provider of wireless tower services, and will enhance our business on multiple fronts. Our customers have been asking us to increase resources and expand our geographic footprint, and this acquisition allows us to do both,” said Greg McCray, CEO of Aero Communications. “Fulton also enables us to deepen our relationships with municipalities. We're enthusiastic about what this means for our customers.”
“Bob Contaldo and his CFA team ran an organized, efficient and high-integrity sale process, which is incredibly valuable to potential buyers such as Resilience Capital who must continually evaluate how to allocate internal resources and what opportunities to pursue” stated Michael Cavanaugh. “Of all of the investment bankers with whom we work, Bob and his team stand out as truly exceptional.”
About Corporate Finance Associates
Founded in 1956, Corporate Finance Associates is one of the largest and most experienced middle-market M&A advisory and investment banking firms in the nation. CFA has offices across the United States, Canada, Mexico, India, and partner offices in Brazil, China, and throughout Europe. More information is available at www.cfachicago.com. Securities offered through Corporate Finance Securities, Inc., member FINRA and SIPC.