Ontivity is a leading provider of wireless infrastructure services to the telecommunications industry in the United States.
Investment
N/A
Fund
ONCAP IV
Period
November 2019 - Present
ONCAP Team
Transaction Summary
ONCAP acquired a majority stake in Ontivity (f.k.a. Enertech Holdings) in November 2019.
Business Description
Based in New Braunfels, Texas, Ontivity is a leading network infrastructure services provider delivering wireless, fiber, power, and connectivity solutions that support communications and digital networks across the U.S. Ontivity serves customers across the Southern, Central and Pacific Northwest regions of the US.
Investment Thesis
ONCAP was attracted to Ontivity 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.