Cleveland, US-based private equity firm Resilience Capital Partners has acquired CableNet Services Unlimited, a provider of cable fulfillment services in the Freedom Region of Pennsylvania and New Jersey, by its newly-formed company, CableNet Communications.
CableNet Communications is Resilience Capital Partners’ first add-on acquisition by its Aero Communications investment platform, which it acquired in October 2012.
Aero Communications provides technology to broadband and wireless providers, businesses, public venues, government facilities and residential subscribers.
Steven Rosen, co-CEO of Resilience Capital Partners, said “I suspect CableNet is the first of many great companies Aero Communications will invest in. Our firm is committed to building out this business and investing capital in support of the Aero Communications’ team and this platform.”
Michael Cavanaugh, a partner at Resilience Capital Partners, added “The CableNet acquisition highlights our commitment to investing additional capital in valuable assets to strengthen Aero Communications’ business partnership with key customers in existing and new geographies.”
Since its founding in 2001, Resilience Capital has invested in 31 companies under 20 platforms.
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