Crestview Partners has formed a new company called Congruex to offer broadband network providers engineering and construction services. Congruex, backed by the PE firm, is committing nearly $500 million in equity and capital to pursue acquisitions and organic growth opportunities.
Congruex intends to bring together leading companies with a range of capabilities. The newly formed company will seek businesses providing network development, design and engineering, underground and aerial construction, wireless and wireline services, cable placement, splicing, and emergency response and restoration operations. Bill Beans, an industry veteran with 28 years of experience and the founder of Open Range Communications, will head up Congruex as CEO.