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Congruex Acquires CHC Consulting to Strengthen Position in Telecom Engineering Market
Friday 12 January 2018

12 January 2018 - Colorado, US-based telecommunications engineering firm Congruex has acquired California, US-based engineering consulting firm CHC Consulting, LLC to bolster position in telecom engineering industry, the company said.
Financial terms of the transaction were not disclosed.
Congruex's acquisition of CHC follows its recent purchase of CCLD Technologies in November 2017, and strengthens Congruex's position as a telecom engineering firm in the US with expanding scale and resources. 
Both acquisitions followed Congruex's partnership with New York, US-based private equity firm Crestview Partners, which has experience in the cable, telecommunications and business services industries.
As of May 2017, funds managed by Crestview and the Congruex leadership team have committed USD 200m of equity to the new platform, as part of what is expected to be a total investment of approximately USD 500m.
Congruex is an end-to-end provider of design, engineering, construction management and maintenance services to broadband service providers.
CHC Consulting provides turnkey professional services in the areas of design, project management, process development and staffing to telecommunications clients. CHC manages projects from inception through implementation.
Crestview Partners manages funds with over USD 7.0bn of aggregate capital commitments.
Date Published: 12/01/2018
Target: CHC Consulting
Country: USA
Sector: Telecommunications
Type: Corporate acquisition
Status: Closed
Buyer: Congruex
Terms of the deal were not disclosed