Nolan Advised Accelerated Communications & Construction on its Sale to GridSource

DATE: June 29, 2023

Tags: ,

Who is Our Client?

  • Accelerated Communications & Construction is a leading telecommunications infrastructure solutions company servicing the Gulf Coast and Central Florida.
  • Accelerated installs and maintains underground and aerial fiber networks for some of the nation’s largest Internet Service Providers (ISPs), supporting the continued rollout of fiber as a replacement to coaxial cable and copper wiring.
  • The company provides ongoing repair, maintenance, and upgrade services to support existing infrastructure, as well as new network builds for ISPs, utilities, and commercial customers.
  • The company focuses primarily on middle-mile construction, bringing fiber services from the network distribution hub to the carrier’s service area.

Why Did Accelerated Communications & Construction Hire Nolan?

  • Accelerated Communications & Construction hired Nolan to help maximize value and increase the probability of a successful closing.

What Value Did Nolan Deliver?

  • Nolan’s sale process delivered GridSource, a company specializing in utility construction, including broadband networks, fiber optic cable construction, and natural gas distribution.
  • Founded in 1979 and based in Baton Rouge, Louisiana, GridSource is an industry leader in trenching, excavating and HDD technologies.
  • GridSource is a portfolio company of Hastings Equity Partners, a preferred capital partner to founders of lower middle-market businesses.
  • Hastings’ investment in GridSource and subsequent add-on investments in WiseConnect and Accelerated have positioned GridSource as a leader in national utility services, with comprehensive service offerings across middle and last-mile fiber deployment.

Recently Closed Transactions

Engage An M&A Advisor

Contact Us

Sign Up To Receive Nolan News

FINRA Licensed Broker Dealer Affiliated

Nolan & Associates’ commonly owned affiliate, Middle Market Transactions, Inc. (MMTI), is but one of a very few FINRA licensed broker dealers serving business owners in the middle market.

Securities offered through Middle Market Transactions, Inc. Member: FINRA/SIPC