Solis Capital Partners, a lower middle-market private equity firm, has acquired an equity stake in Horizon Communications. No financial terms were disclosed. Headquartered in Irvine, Calif., Horizon is a provider of telecommunications infrastructure and contractor services.
NEWPORT BEACH, Calif., Nov. 5, 2013 /PRNewswire/ — Solis Capital Partners (Solis), a lower middle-market private equity firm, today announced that it has acquired an equity interest in Horizon Communications (Horizon), a leading provider of telecommunications infrastructure and contractor services.
Horizon is a specialist provider of telecommunications and electrical infrastructure installation and support services, including Wi-Fi, DAS solutions, riser management and structured cabling. Horizon’s customers include telecommunications carriers, data center owners and operators, and major real estate owners across the United States. Horizon has installed wireless infrastructure at some of the most recognizable sporting venues in the Western United States, including AT&T Park, HP Pavilion and the Honda Center. Horizon is headquartered in Irvine, CA.
“We are very excited to partner with Horizon to support the Company’s next phase of growth and evolution,” said Daniel Lubeck, Managing Director and Founder of Solis. “At Solis, we seek to partner with outstanding leadership teams that have proven records of success and expertise. We are very impressed with Mike DeGraw and his team at Horizon. They are at the forefront of meeting the world’s growing demand for connectivity and mobility, and are positioned to do great things.”
“Partnering with Solis is a milestone for Horizon,” said Mike DeGraw, CEO at Horizon. “Solis brings valuable strategic and financial resources, which will help Horizon capitalize on its significant opportunities. The world is demanding more connectivity and data capabilities. Whether it’s for stadiums, arenas, data centers or office towers, Horizon is providing the solutions. These are very exciting times in our industry.”
Horizon is the second investment in Solis II, which closed in May 2013.
Solis Capital Partners is private equity investment firm specializing in the lower middle-market. It is headquartered in Newport Beach, CA, with an office in San Diego, CA. Utilizing its Solis 360°® process, the firm partners with business owners and managers to create value through enterprise growth and improvement. Solis focuses on companies in the Western U.S. with revenues of $15 to $100 million in the service, niche manufacturing, and software sectors, and has produced superior investment returns since its founding in 2002. The firm is actively investing through Solis Capital Partners II. For additional information, see www.soliscapital.com.
Horizon Communications is a specialist provider of telecommunications, infrastructure and contractor services, including Wi-Fi, DAS infrastructure solutions, riser management and structured cabling. Customers include building and property management companies, telecommunications carriers and data center operators across the United States. For additional information, see www.horizon-com.com.