New Age Communications Construction, LLC (“NACC”), has been acquired by Davey Resource Group, Inc. (“DRG”), a subsidiary of The Davey Tree Expert Company to support the management team in the continued growth of the business as well as to fund buyout of the two shareholders. Footprint Capital, LLC (“Footprint”) acted as the exclusive sell-side advisor to NACC.
NACC provides fiber construction, small cell deployment, and cable maintenance and construction services for the telecommunications industry in parts of the Northeast, Midwest, mid-Atlantic, and Southeast regions of the U.S. With headquarters in Cincinnati, Ohio, NACC operates in 12 states throughout the eastern U.S., including Kentucky, Illinois, Indiana, Missouri, Ohio, Pennsylvania, New York, North Carolina, South Carolina, Tennessee, Virginia and West Virginia.
“NACC is pleased to join an organization with the reputation and substantial resources of Davey Resource Group,” said Jay Martin, president, NACC. “We believe the joint service capabilities of our combined teams offer a solution for our clients that is poised to meet the ever-growing demand for wireless infrastructure across the U.S.”
Scott Carlin, vice president, asset management services, DRG, said “We look forward to providing the experienced and committed employees of NACC with the opportunity to grow their careers in a culture that is supported by all the benefits of employee-ownership.
“The construction, installation, and maintenance services expertise of NACC further enhances our ability to provide clients a single-source to deploy fiber and wireless infrastructure,” Carlin said. “The strength of DRG has always been our commitment to meeting clients’ needs. With the addition of NACC, we are structured to support our clients’ demand for a streamlined process to 5G deployment.”
With headquarters in Cincinnati, Ohio and operations in 12 states, NACC is a utility construction company that provides fiber, copper, and cable TV services for the telecommunications construction industry. NACC’s expertise includes aerial construction, underground placement, emergency restoration, design, maintenance, splicing, testing, and characterization. For more information, visit: www.nacc-llc.com.
With more than 9,000 employees throughout North America, The Davey Tree Expert Company provides solutions for residential, utility, commercial, and government clients. Rooted in research, the company’s vision is to achieve balance among people, progress, and the environment. Tree experts since 1880, Davey provides diversified tree services, grounds maintenance, and environmental services. Davey is one of the largest employee-owned companies in the U.S. and is headquartered in Kent, Ohio. For more information, visit: www.davey.com.
Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, ownership transition planning, capital raising, and strategic management consulting.