Cotton Creek Capital has acquired Young’s Communications Co Inc. Financial terms weren’t announced. Young’s Communications provides infrastructure services to the telecommunications and utility industries in the Southeast.
PRESS RELEASE
Austin, Texas – July 9, 2018 – Cotton Creek Capital (“Cotton Creek”) is pleased to announce the acquisition of Melbourne, Florida-based Young’s Communications Co., Inc. (“Y-COM”), a leading provider of infrastructure services to the telecommunications and utility industries in the Southeast.
Founded in 1972, Y-COM is a family owned and operated business providing mission-critical solutions to leading telecommunications and utility providers. The Company specializes in underground and aerial construction, directional boring, fiber installation, and emergency maintenance and response. Y-COM has developed a reputation for superior quality of service, timely performance, and business integrity resulting in a loyal base of customers that are leaders in their sectors.
As part of the acquisition, Y-COM will continue to be led by its current management team, including President Steve Young and Vice President Gary Young, both of whom will remain significant shareholders in the Company.
“We are excited to partner with Cotton Creek as the Company embarks on its next phase of growth via a combination of customer and service expansion. We believe the partnership will continue to allow us to provide unmatched service and quality to all our customers,” said Steve Young, President of Y-COM.
“We look forward to partnering with the Y-COM team to build on their history of operational excellence. We are committed to upholding Y-COM’s philosophy of ‘setting the standard’ and maintaining a strategy focused on service, quality, and customer satisfaction,” commented Cotton Creek Managing Partner, Antonio J. DiGesualdo. “Our shared experiences in the infrastructure services industry will support Y-COM’s continued growth and development.”
The investment in Y-COM by Cotton Creek is being made through Cotton Creek Capital Partners III, L.P., Cotton Creek’s third standalone private equity fund, and represents a continuation of its investment strategy of partnering with privately-held lower middle-market businesses.
About Y-COM
Young’s Communications Co., Inc. was founded in 1972 as a contractor for performing wiring for CATV / TV coaxial cable lines and today operates as a provider of infrastructure services to the telecommunications and utility sectors. Through a commitment to its customers and ensuring a quality outcome, Y-COM has expanded its presence and continues to “set the standard” for excellence. For more information, visit Y-COM’s website at www.ycominc.com.
About Cotton Creek Capital
Based in Austin, Texas, Cotton Creek Capital is an operationally-focused private equity firm that focuses on investing in and growing lower middle market companies in manufacturing, value-added distribution, industrial, specialty chemical, building products, food and beverage and business services sectors. The firm targets businesses with EBITDA between $5 million and $15 million, investing between $10 million and $40 million in equity ranging from buyouts, recapitalizations, buy-and-builds to corporate divestitures. Cotton Creek Capital partners with exceptional management teams, collaborating to develop a focused vision and execution plan based on company-specific objectives. Cotton Creek Capital’s senior investment professional have invested in and advised privately-held businesses for over twenty years with an active approach that enables Cotton Creek Capital to work in concert with management teams to build market-leading businesses. For further information, visit Cotton Creek’s website at www.cottoncreekcapital.com.
Source: https://www.pehub.com/2018/07/cotton-creek-buys-youngs-communications/
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