Marriott & Co. Serves as Exclusive Financial Advisor to COMTRAC Services, Inc.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to COMTRAC Services, Inc. (“COMTRAC” or the “Company”) in its sale to Future Infrastructure Holdings, LLC (“Future Infrastructure”), a Texas-based provider of infrastructure services in the telecommunications, utility, energy and intelligent transportation industries. Future Infrastructure is a portfolio company of Tower Arch Capital (“Tower Arch”), a private equity investment firm based in Salt Lake City, UT. COMTRAC’s management team will continue to operate the business on a stand-alone basis under the COMTRAC brand name in its existing markets. The transaction closed on December 5, 2017. Terms of the transaction were not disclosed.
Founded in 1999 in Atlanta, GA, COMTRAC is a leading provider of infrastructure construction and repair/maintenance services to the telecommunications industry. The Company provides aerial and underground, outside plant (“OSP”) and inside plant (“ISP”) services to a number of telecommunications service providers throughout the Southeastern U.S.
“I am excited to work with Future Infrastructure and Tower Arch and believe they are the perfect partner to assist in the growth of our business in the coming years,” said President of COMTRAC, David Hendee, “I would also like to thank the Marriott & Co. team for their hard work and professional guidance during the transaction process. Justin, Bryan and the rest of the Marriott & Co. team played a critical role in ensuring that COMTRAC found a group that understands our unique business model and will add significant value in the future.”
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that COMTRAC provided us with the opportunity to advise them on such an important transaction. We truly enjoyed working with David and the rest of the COMTRAC team, and believe that the Company is poised to thrive under this new partnership with Future Infrastructure and Tower Arch.”
About COMTRAC Services, Inc.:
Headquartered in Atlanta, GA, COMTRAC is a leading provider of infrastructure construction and repair/maintenance services to the telecommunications industry. The Company provides aerial and underground, outside plant (“OSP”) and inside plant (“ISP”) services to a number of telecommunications service providers. The Company’s focus on quality, safety and responsiveness to the needs of its customers has enabled COMTRAC to expand its business throughout the Southeastern U.S. For more information, please visit www.comtracinc.com.
About Future Infrastructure Holdings:
Founded in 1999, Future Infrastructure is an industry-leading infrastructure services provider for the Southeast region of the U.S. Headquartered outside Dallas, TX, the Company specializes in the development, repair, and maintenance of communications, utility, energy, and transportation infrastructure.
About Tower Arch Capital:
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund. The firm focuses on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. Tower Arch creates value in a range of industries and works with companies across the United States. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million. For more information, please visit www.towerarch.com.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Contact: Justin Marriott
Phone: (804) 344-0952