QualTek, has acquired the assets of FDH Velocitel related to its Velocitel and Site Safe divisions from The Willis Stein Private Equity Group. Velocitel provides site-acquisition, design, engineering, implementation, upgrade, maintenance and RF compliance services for wireless infrastructure.
The combination of QualTek, a provider of telecom engineering, construction, fulfillment, and project management services, and Velocitel, a 30-year old wireless network services company, will double the size of the legacy platform and significantly expand its presence into 35 states with more than 1,200 employees nationwide. In addition, the acquisition is highly complementary given minimal geographic overlap, creating a provider of wireless, wireline, and fulfillment services on a national scale.
“With the addition of Velocitel, QualTek will significantly expand its platform and enhance service capabilities to customers. QualTek will leverage its proprietary technology to deliver quick, timely and accurate data reporting, while continuing to provide the highest level of service to our customers. We look forward to welcoming Velocitel into the QualTek family as our company enters its next phase of growth,” said Scott Hisey, CEO of QualTek.
Jefferies LLC acted as exclusive financial advisor to Velocitel and Kirkland & Ellis LLP as Velocitel’s legal advisor.