Investment firm Grain Management has bought a US telecommunications services company.
The company, which targets broadband technology and the global communications sector, has paid an undisclosed amount to acquire Network Wireless Solutions (NWS).
Founded in 2012 and headquartered in Durham, North Carolina, NWS sells custom hybrid and fibre optic cables to broadband providers. It also offers services in cell site development, inventory management, and material distribution sales.
Nikola Trkulja, principal and investment committee member for Grain Management, said: 鈥淲e are thrilled to begin work with NWS leadership at such an important time for the market. The company has a strong and talented team, offers a unique set of solutions to their customers, and supports mission-critical operations across carrier supply chains.
鈥滵uring this partnership, we look forward to assisting NWS in adding more value for an even larger segment of the industry.鈥�
John Hamilton, president of NWS, said: 鈥淥ur team is excited about the opportunity to partner with Grain鈥檚 experienced team to continue the expansion of our business, as we provide our customers with the solutions they need whenever they need them.
鈥淲e are eager to be entering into this next phase of growth, advancing our leadership in the industry and continuing to execute for our customers.鈥�
Jeff White, NWS founder and CEO, said: 鈥淕rain is the ideal partner alongside which we can continue amplifying our growth. The skill they bring to the table in both strategic execution and a deep understanding of our sector will be crucial to helping NWS reach the next level, bringing tremendous scale and unparalleled products and service to critical infrastructure in our region.鈥�
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