Tempest Telecom Solutions has received an investment from Pfingsten
Washington, DC, (December 16, 2022) – FOCUS Investment Banking (“FOCUS”), ...
FOCUS Carrier-Focused Telecom Technology Quarterly: Winter 2022 Report
The FOCUS Carrier-Focused Telecom Technology Index (CFTTI) gained 4.8% in the past three months. This com-fortably exceeded both the 3.2% gain in the S&P 500 and the 3.0% decline in the NASDAQ. Even with this period’s gain, the CFTTI is still down 11.9% year-over-year. This performance was slightly worse than the 10.7% decline in the S&P 500 over this same time period, but much better than the 26.2% loss in the NASDAQ. Sector multiples are lower than they were a year ago, but not by a wide margin. The CFTTI revenue multiple dipped from 2.5x to 2.3x, while the EBITDA multiple fell from 12.0x to 11.4x.
FOCUS Enterprise-Focused Telecom Technology Quarterly: Fall 2022 Report
While its decline slowed somewhat this period, the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) continued its downward slide with a loss of 3.1% in the past three months.
Hess Broadband Case Study
Hess Broadband, Inc. (“Hess”), a provider of fiber optic splicing and specialty construction services in the greater Philadelphia area, has been acquired by TriStruX, LLC (“TriStruX”), a portfolio company of Huron Capital. FOCUS advised Hess in this transaction. This case study highlights the unique process of this transaction.
FOCUS Investment Banking Represents Hess Broadband in its Acquisition by TriStruX
FOCUS Investment Banking Represents Hess Broadband in its Acquisition ...
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”).