BEAVER DAM, Wis. (Jan. 31, 2019) – Baker Tilly Capital, LLC (Baker Tilly Capital), a boutique investment bank for middle-market businesses, announces the successful sale of its client, White Construction Company, Inc. (White Construction), to Congruex LLC, a platform company of Crestview Partners.
Founded in 1995, White Construction is a telecom-focused, self-perform construction company that specializes primarily in underground construction work, with particular expertise in fiber-to-the-home, fiber-to-the-premises and fiber optic interconnect projects.
Baker Tilly Capital served as the exclusive advisor to White Construction in connection with this transaction, developing and implementing a process to market the company to a group of targeted strategic and financial buyers. Ultimately, Congruex was selected as a strategic buyer to acquire White Construction due to its industry expertise and capital backing from Crestview Partners, a middle-market private equity firm.
“We are excited to begin our partnership with Congruex and to grow our business even further,” Adam White, president of White Construction, said. “We look forward to leveraging Congruex’s operational expertise and capital resources as we continue providing innovative and efficient construction services to our customers.”
The acquisition of White Construction further positions Congruex as one of the largest end-to-end telecom engineering and construction providers in the United States, adding self-perform construction capabilities to its current service offering.
“We were honored to assist White Construction in recapitalizing its business with a best-in-class, industry buyer in Congruex that desired a platform company with distinct expertise in outside plant (OSP) construction,” Sean Dingeldein, managing director with Baker Tilly Capital, said. “In Congruex, White Construction found the right partner to help continue its growth trajectory.”
To learn more about Baker Tilly Capital’s investment banking services, visit bakertillycapital.com.
Baker Tilly US, LLP (Baker Tilly) is a leading advisory, tax and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 145 territories, with 34,700 professionals. The combined worldwide revenue of independent member firms is $3.6 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.