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PE-backed TIS acquires Heartland Solutions Corp

Thayer Infrastructure Services, which is backed by Calera Capital, has acquired Indianapolis-based Heartland Solutions Corp, a wireless communications construction company.

Thayer Infrastructure Services, which is backed by Calera Capital, has acquired Indianapolis-based Heartland Solutions Corp, a wireless communications construction company. No financial terms were disclosed.

PRESS RELEASE

COLUMBUS, Ohio–(BUSINESS WIRE)–Thayer Infrastructure Services, LLC (“TIS”), a premier infrastructure services provider in the power, fiber, and wireless communications construction industries, today announced the completed acquisition of Heartland Solutions Corp. (“Heartland”), a wireless communications construction company, dedicated to providing a full range of communication infrastructure services. Terms of the Heartland transaction were not disclosed.

Heartland will operate as a part of American Cell Enterprises, LLC (“American Cell”), one of three TIS operating companies. Beginning with its acquisition of LeCom Utility Contractors, this is the third such acquisition made by TIS in the last year and further builds out the TIS platform of operating companies. Tim Luden, CEO of American Cell and Heartland President and CEO Mark Fisher will continue to oversee the Heartland operations.

“Heartland’s history as a dedicated provider of communication infrastructure services, its emphasis on safety, trust, and loyalty, and its close proximity in Indianapolis make it the ideal partner to join us in expanding our current wireless offerings into tower services,” said American Cell CEO, Tim Luden.

Mark Fisher, President and CEO of Heartland added, “Joining forces with the TIS group companies as part of American Cell, provides us with a unique opportunity to grow while maintaining the level of efficiency and cost-effectiveness our customers have come to expect.”

“Heartland is the perfect add-on acquisition alongside our two existing business units in this sector and will greatly enable us to efficiently scale our growth as we build upon the strong platform we have established.” said Rudy Esteves, CEO of TIS. “We are excited about the opportunity that Mark and his team bring to further establish TIS in this space, as we continue to grow our service offerings and expand geographically.”

Heartland represents another key piece of growth for the TIS family of companies, as its team continues to entertain interest in acquiring new partners who support the power utility, fiber deployment, and wireless communications industries.

About Heartland Solutions Corp.
Founded in 2007, Heartland Solutions Corp provides a full range of communication construction and contracting services in the most responsive, efficient, and cost-effective manner. The company’s goal is to deliver the best services to clients and protect the overall safety of the employees providing these services, while fostering trust and loyalty in both these relationships. Heartland Solutions Corp. is headquartered in Indianapolis, IN.

About Thayer Infrastructure Services, LLC.

The TIS group consists of Thayer Power & Communication, LLC and LeCom Utility Contractors, Inc. Both are leading providers of mission critical repair, maintenance, and infrastructure upgrade services for the electrical utility and telecommunications industries. American Cell Enterprises is the TIS group operating company dedicated to providing the full range of turnkey wireless solutions. The TIS family of companies have a deep understanding and strong track record of delivering exceptional day-to-day safety, quality, and service. Acquired by private equity firm Calera Capital in 2020, the Company is headquartered in Columbus, Ohio and offers its services across a large regional area including the Central Midwestern, Northeastern, and Southeastern United States.