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Broadband Company NTI Connect Acquires Vertical Communications

Chicago-based broadband company NTI Connect has acquired Vertical Communications Inc. (Verticom) for an undisclosed amount.

Based in Dallas and operating throughout the South-Central United States, Verticom says it provides specialized in-house turnkey solutions to wireless, small cell, and fiber providers.

Founded in 2001, Verticom has 150 employees, according to the Dallas Business Journal. The firm is led by its founder, President, and CEO Jeff Lewis. Lewis commented on the deal:

“This is a great opportunity to enhance our people platform, elevate our strong brand and scale our technology to better serve our customers in support of NTI’s vision to be an industry-leading nationwide digital infrastructure services company.”

He added:

“We are excited for the next stage of VERTICOM’s evolution which will take us from a Regional superpower, to nationwide deployment teams and ultimately international operations through NTI’s European subsidiary.”

Jim Estes, CEO, NTI Connect

For its part, NTI was bought by private equity firm ORIX Capital Partners in November 2018. Its primary clients include Google, Verizon, AT&T, and Comcast. The addition of Verticom allows the company to scale its operations in a new area of the country with enhanced capabilities in the wireless and fiber segments, according to NTI’s CEO Jim Estes:

“VERTICOM’s current base of operations in Dallas, Houston, Oklahoma City and Little Rock have allowed it to support the recent technology sector growth in the South. In addition, the strength of their people and brand have allowed VERTICOM to execute direct contracts with many of the nation’s top public and private digital infrastructure companies.”

Fiber M&A Plays

Investment in fiber optic network companies has risen as experts point to a dearth of fiber infrastructure in the United States. According to a 2017 Deloitte report, the US needs to invest between $130 billion and $150 billion in the technology in the coming years if 5G networks are to grow.

Eager to potentially cash in on such growth, M&A activity has been consistent in the market. Recent deals include:

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