Blue Sage Capital has acquired Albuquerque, New Mexico-based Broken Arrow Communications Inc, a provider of services for the installation, modification, construction and maintenance of wireless communication facilities and related infrastructure. No financial terms were disclosed.
January 10, 2017, AUSTIN, Texas – Blue Sage Capital (“Blue Sage”) is pleased to announce the recently completed acquisition of Broken Arrow Communications, Inc.
(“BACOM”). Headquartered in Albuquerque, NM with 13 locations throughout the Western U.S., BACOM is a leading provider of services for the installation, modification, construction, and maintenance of wireless communication facilities and related infrastructure. As a result of BACOM’s deep service offering and reputation for high-quality work, the company is poised to take advantage of strong tailwinds in the wireless industry including the expected rollout of 5G wireless networks and continued adoption of the Internet of Things technology. Blue Sage partnered with Private Equity Capital Corporation (“PECC”), a Rancho Santa Fe, CA-based private investment firm on the transaction.
President of BACOM, Ryan Calhoun, remarked “the BACOM management team is excited to work with Blue Sage and PECC in the company’s next phase of growth. Through this partnership, we have increased conviction that BACOM is in a position to benefit from the wave of impending work related to consumers’ insatiable demand for wireless network bandwidth.”
Jim McBride, Co-Founder and Managing Member of Blue Sage, stated, “the BACOM management team has built a business with impressive scale and track record. We are thrilled to partner with Ryan Calhoun and his team during an exciting period of growth in the wireless communications industry.”
About Blue Sage
Blue Sage Capital has over $200 million in assets under management and invests in profitable, growing, lower middle-market industrial, manufacturing, service and distribution companies with revenue of $20 to $100 million. Of particular interest are opportunities to partner with founders as the first round of institutional capital in a recapitalization transaction and companies that enjoy leadership positions in niche industries. For more information, please visit www.bluesage.com.
Blue Sage was represented in the transaction by Graves Dougherty Hearon and Moody (legal), the Lockton Companies (insurance), and BDO (tax and accounting)