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 Tier 1 provider of wireless infrastructure services to the telecommunication industry, including technology upgrades, network densification, structural modifications and repairs and maintenance. Ontivity serves telecommunication carriers and tower owners throughout the Southern, Central and Pacific Northwest regions of the U.S. The Company operates five reputable and distinct local FMC divisions which cover separate geographic regions and to market under one unified brand, Ontivity.
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.