Enertech is a leading provider of wireless infrastructure services to the telecommunications industry in the United States.
November 2019 - Present
ONCAP acquired a majority stake in Enertech Holdings ("Enertech") in November 2019.
Based New Braunfels, Texas, Enertech is a Tier 1 provider of wireless infrastructure services to the telecommunication industry, including technology upgrades, network densification, structural modifications and repairs and maintenance. Enertech serves telecommunication carriers and tower owners throughout the Southern, Central and Pacific Northwest regions of the U.S. The Company operates three divisions which cover separate geographic regions and goes to market under three, highly reputable and distinct local brands: Enertech Resources, EasTex Tower and Legacy Telecom.
ONCAP was attracted to Enertech due to its: (i) leading market position in a high growth, recession-resistant industry; (ii) reputation for superior service quality and safety; (iii) long-term relationships with the largest wireless carriers and tower operators in the U.S.; (iv) strong cash flow characteristics; (v) increasing demand for data consumption and the rollout of 5G technology; and (vi) consolidation opportunity given fragmented nature of the industry.