Lee Equity Partners and Twin Point Capital, two growth middle market private equity firms, announced that funds managed by the two groups have acquired a controlling interest in Alliance Corporation. Alliance is among Canada’s largest value-added distributors of wireless communications technology and is one of the fastest growing distributors in the United States, providing mission-critical solutions to the leading wireless carriers across North America.
The company is one of only two scaled North American distributors with cable termination capabilities and supports the construction, maintenance, and upgrade of cellular towers, indoor cellular services, and broadband internet connectivity. Alliance distributes over 5,000 SKUs of construction and telecom materials and terminates technologically advanced, custom cabling to a broad range of end customers including carriers, internet service providers, contractors, building owners and other components of the broadband infrastructure ecosystem.
Alliance’s experienced senior management team is led by Ron Moss, the company's president, who has been with the firm for over 25 years and will continue to lead it.
Moss commented, “For over 28 years, Alliance has served the growing and increasingly complex needs of the wireless telecommunications industry, providing our customers with a comprehensive portfolio of the highest quality products and world-class customer service. Our national footprint, cable termination capabilities, value-added distribution and logistics, and our dedication to customer service provide our customers with reliable and timely solutions to their expanding 5G infrastructure requirements. We are excited to partner with Lee Equity and Twin Point given their knowledge and experience in the telecommunications and distribution sectors. Our partnership will enable Alliance to grow even faster and better serve an even greater set of customer needs.”
According to a statement, the entire senior management team of Alliance will retain a meaningful equity investment in the business. Ironbridge Equity Partners has been the majority equity investor in the company and will exit its investment in its entirety as a result of the new transaction with Lee Equity and Twin Point. Financial terms of that transaction were not disclosed.
“Given the rapidly growing 5G wireless infrastructure requirements in North America, Alliance represents a unique wireless services platform given its leadership position in both distribution and cable termination, diversified customer base across all major U.S. and Canadian wireless carriers, and a broad and experienced management team with deep relations in the industry,” said Yoo Jin Kim, a Partner at Lee Equity. “We look forward to working with Ron, the entire Alliance team and Twin Point to accelerate the growth of Alliance and expand its leadership position in its core services and new adjacent services.”
“We look forward to partnering with Ron and the Alliance management team,” added Jonathan Friesel, Managing Partner of Twin Point Capital. “The company has an impressive set of in-house cable termination and distribution solutions and a passion for solving customer needs, on-time and on-budget. We look forward to working with our new partners on further enhancing growth organically and through strategic acquisitions.”
D.A. Davidson served as exclusive financial advisor to Alliance and Davies Ward Phillips & Vineberg LLP served as Alliance’s counsel in the transaction. Weil, Gotshal & Manges LLP; Bennett Jones LLP; and DLA Piper LLP (US) served as legal advisors to Lee Equity and Twin Point.
For more information, visit www.alliancecorporation.ca/.