Platinum Equity invests in TAK Communications to boost broadband and telecommunications infrastructure
In a strategic move set to reshape the broadband and telecommunications infrastructure landscape, Platinum Equity has announced a significant investment in TAK Communications, a national provider renowned for its comprehensive communications and broadband infrastructure services. While financial details of the transaction remain undisclosed, this partnership is poised to drive substantial growth and expansion within the sector.
Founded in 2004 by CEO Micah Mauney, South Dakota-headquartered TAK Communications has evolved from a regional provider to a national powerhouse, offering a wide array of services across more than 40 states. These services include fiber and broadband network solutions, last-mile cable and fiber “drop” services (both aerial and underground), network maintenance, and new construction network buildouts, along with design and engineering services. This impressive expansion underscores TAK’s commitment to facilitating robust and reliable connectivity for both residential and commercial clients.
Platinum Equity, known for its significant investments in technology and telecommunications businesses, sees TAK Communications as a pivotal addition to its portfolio. Jacob Kotzubei, Co-President of Platinum Equity, highlighted the ever-growing demand for bandwidth and fiber as the backbone of broadband internet and wireless connectivity. This investment, spearheaded by Platinum Equity’s Small Cap team, reflects a strategic move to capitalize on the burgeoning need for comprehensive network deployment services.
Dan Krasner, Managing Director at Platinum Equity, emphasized the fragmented nature of the broadband communications services space and TAK’s potential for organic growth and expansion through acquisitions. With private and public investments continuously flowing into the sector, TAK’s role in providing essential services to its broadband customers is expected to become increasingly vital.
Acknowledging the shared vision for expansion and excellence, TAK’s leadership team, including Mauney, retains a significant ownership stake, continuing to steer the company towards greater achievements. Mauney expressed confidence in Platinum Equity as the ideal partner for TAK’s next growth phase, highlighting Platinum’s operational expertise and M&A capabilities as key to elevating customer experience, team development, and service provision.
As TAK Communications and Platinum Equity embark on this collaborative journey, the focus remains on leveraging TAK’s comprehensive service offerings to meet and exceed the evolving needs of the telecommunications sector. This investment not only marks a significant milestone for both entities but also signals a brighter future for America’s communications services landscape, promising enhanced connectivity and infrastructure solutions nationwide.
The investment by Platinum Equity in TAK Communications represents a forward-thinking approach to addressing the critical needs of the broadband and telecommunications industry. By harnessing TAK’s extensive capabilities and nationwide reach, together with Platinum’s strategic and operational prowess, this partnership is set to accelerate the deployment of next-generation broadband infrastructure, ensuring enhanced connectivity and service reliability for customers across the United States. This collaboration underscores the importance of strategic investments in bolstering the nation’s telecommunications infrastructure, a key component in driving economic growth and technological advancement.