Warren Equity Partners has purchased ADB Companies LLC and its affiliates, a turnkey provider of telecommunication and utility infrastructure services in the United States, from Keeley Companies. Rusty Keeley, CEO of the Keeley Companies, and Chad Johnson, CEO of ADB, will maintain significant equity stakes in ADB.
ADB Companies is a national, end-to-end provider of infrastructure services to install, maintain, and operate telecommunication and power infrastructure, including fiber-optic cable networks, wireless cell towers and equipment, power lines, and in-building hardware and technology.
“We are very excited to partner with Rusty, Chad, and the ADB team. The Company has a fantastic culture and a successful track record focused on safety, quality, and customer service,” said Scott Bruckmann, partner at Warren Equity. “We believe ADB is well-positioned to serve the growing demand for network capacity and reliability to support increased use of connected devices and data consumption.”
“ADB has played a critical role within the Keeley Companies for the last 25 years, so finding the right partner was of utmost importance to my ADB family,” added Keeley. “We believe that Warren Equity was the perfect fit because of their differentiated sector expertise, track record in scaling similar types of companies, and strong cultural alignment.”
“We have built a best-in-class organization that has tremendous growth potential within the large, mission-critical, and highly fragmented telecommunication and power services industries,” commented Johnson. “We believe the Company will achieve its strategic growth plan, both organically and through add-on acquisitions, while continuing to provide our customers with high quality service.
Harris Williams advised ADB Companies on the sale.