NEWS

Crestview-Backed Congruex Acquires White Construction

Wednesday, Nov 21, 2018

Congruex, a national end-to-end provider of design, engineering, construction management and maintenance services to broadband service providers, today announced the acquisition of White Construction Co., Inc. ("White" or "White Construction"). Financial terms of the transaction were not disclosed.

Founded in 1995 in Beaver Dam, Wisconsin, White Construction is a telecom-focused self-perform construction company, specializing primarily in underground construction work with particular expertise in fiber-to-the-home, fiber-to-the-premises, and fiber optic interconnect projects. White Construction also has aerial, splicing, and cutover capabilities.

Congruex's acquisition of White follows its purchases of CCLD Technologies and CHC Consulting in late 2017, which positioned Congruex as one of the largest pure telecom engineering firms in the United States with expanded scale and resources. The acquisition of White adds self-perform construction capabilities and further enables Congruex to provide end-to-end, turn-key engineering and construction services for its customers.

These acquisitions followed Congruex's partnership with Crestview Partners, a New York-based private equity firm with significant experience in the cable, telecommunications and business services industries. In 2017, funds managed by Crestview and the Congruex leadership team committed $200 million of equity to build out the new platform, as part of what is expected to be a total investment of approximately $500 million.

Bill Beans, Congruex's CEO, said, "We are pleased to announce the acquisition of White Construction, a firm with distinct expertise in OSP construction in the upper Midwest. We welcome Adam and Abe White and the entire White team to the Congruex platform."

Adam White, President of White Construction, said, "We are excited to begin our partnership with Congruex and to grow our business even further. We look forward to leveraging Congruex's operational expertise and capital resources as we continue providing innovative and efficient construction services to our customers."

 

Source: prnewswire.com

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