Private equity firm Novacap has acquired All West Communications, a telecommunications provider, for an undisclosed amount.
This is technology M&A deal number 1,032 that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Novacap, founded in 1981, is based in Brossard, Quebec, Canada. The company has 307 employees listed on LinkedIn.
All West Communications, founded in 1912, is based in Kamas, Utah. The company has 42 employees listed on LinkedIn. All West’s areas of expertise include fiber-based internet, phone, and video (television) services.
Novacap Acquires All West Communications: Leadership Insight
Ted Mocarski, senior partner, Novacap, commented:
"The continued transformation of All West into a leading broadband provider will benefit from the Novacap digital infrastructure playbook, and the prior successes of Fibrenoire, Oxford, FirstLight, Horizon and Stratus Networks. This partnership will enable All West to continue its mission of providing fast, reliable, fiber-based local Internet services to its customers, including those located in underserved communities. We look forward to accelerating the momentum of All West by expanding its footprint, enhancing its capabilities, and ensuring rapid network deployment.''
Matt Weller, president, All West Communications, said:
"The demand for faster speeds, a wider range of services and pricing options is growing every day. This is an exciting partnership that will help us pursue significant growth opportunities. We have found in Ted and the Novacap team partners who bring expertise on both the management and product sides. We are very excited about entering several new markets in the near future with the collaboration of Novacap and its team."
Pascal Tremblay, president and CEO, managing partner, Novacap, added:
"Novacap has deep expertise in the digital infrastructure sector and a proven track record of value creation. We look forward to leveraging Novacap's strategic insight, operational guidance, and financial capabilities to propel All West's growth.”
Bank Street Group LLC served as exclusive financial advisor to Novacap in connection with this transaction.
