Today’s Transactions: <br>Sun Cap Snaps Up S&N Communications
Private equity firm Sun Capital Partners Inc. is spending an undisclosed amount on S&N Communications Inc., a provider of construction and maintenance services to the telecommunications and energy industries.
S&N’s service offerings include fiber network construction, residential service connections, maintenance and underground utility locating for natural gas companies.
The Kernersville, N.C.-based target operates 20 field offices located in three states, including Virginia, Maryland, North Carolina and Florida. Included in the deal are S&N’s network of 250 subcontractors. According to S&N, the company has installed more than 22 million feet of fiber optic cable over the course of five years, connecting roughly 500,000 homes with cable and gas service.
Law firm Much Shelist PC served as the legal adviser to Boca Raton, Fla.-based Sun Capital on the acquisition.