Hess Broadband has been acquired by TriStruX
Washington, DC, (October 20, 2022) – FOCUS Investment Banking (“FOCUS”), ...
FOCUS Telecom U.S. Communications Service Provider Quarterly: Fall 2022 Report
Things went from bad to worse for the FOCUS Communications Service Provider Index (CSPI) this period as the sector plummeted 25.6%. This decline was significantly steeper than both the 5.3% decline in the S&P 500 and the 4.1% decline in the NASDAQ over the corresponding time period. The situation is also bleak for the full year period with the sector down slightly more than 45% over the past 12 months. Once again, this drastically underperformed the returns in the S&P 500 (down 16.8%) and the NASDAQ (down 26.8%). Sector multiples continued to fall, ending the period at 2.1x revenue and 6.0x EBITDA. This compares unfavorably to year-ago multiples of 2.9x revenue and 8.2x EBITDA.
FOCUS Telecom Business Services Quarterly: Fall 2022 Report
The FOCUS Telecom Business Services Index (TBSI) suffered a negative return for the second straight reporting period with a 4.1% decline. While disappointing, the sector still managed to outperform the 5.3% decline in the S&P 500 and stay even with the 4.1% drop in the NASDAQ. The situation is similar for the full year period. While the sub sector is down 16.1% over the past 12 months, it still outperformed the S&P 500 (down 16.8%) and the NASDAQ (down 26.8%). Sector multiples closed out the period at 0.8x revenue and 9.7x EBITDA. Both of these are lower than year-ago multiples of 1.0x revenue and 10.4x EBITDA.
J. Lee Associates Case Study
J. Lee Associates, Inc. (“J. Lee”), a provider of construction and site acquisition services to clients in the wireless industry, has been acquired by Thayer Infrastructure Services, LLC (“TIS”). FOCUS initiated this transaction and advised J. Lee throughout the process. This case study highlights the unique process of this transaction.
FOCUS Investment Banking Represents J. Lee Associates in its Acquisition by Thayer Infrastructure Services
FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that J. Lee Associates, Inc. (“J. Lee”), a provider of construction and site acquisition services to clients in the wireless industry, has been acquired by Thayer Infrastructure Services, LLC (“TIS”).
J. Lee Associates has been acquired by Thayer Infrastructure Services
FOCUS Investment Banking Represents J. Lee Associates in its Acquisition by Thayer Infrastructure Services
FOCUS Investment Banking Represents Software Synergy in its Acquisition by TEOCO
FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that it represented Software Synergy, Inc. (“SSI”), a provider of automated, intelligent network-wide routing and optimization solutions for the planning and management of communications service provider networks, in its acquisition by TEOCO. The transaction closed in December 2021.
Software Synergy has been acquired by TEOCO Corporation
Washington, DC, (May 3, 2022) – FOCUS Investment Banking (“FOCUS”), ...
Sage Management has been acquired by SIB Fixed Cost Reduction, a portfolio company of O2 Investment Partners
Washington, DC, (August 9, 2021) – FOCUS Investment Banking (“FOCUS”), ...
