Acorn Growth Companies Acquires TSS

Press Release (ePRNews.com) - Oklahoma City, Oklahoma - Jul 31, 2017 - ​Acorn Growth Companies (“Acorn”), a private equity firm investing exclusively in Aerospace & Defense (“A&D”), announced it has acquired Telecommunication Support Services, Inc. (“TSS”) headquartered in Melbourne, FL. The acquisition marks Acorn’s first in the defense electronics segment and the firm’s 20th overall transaction since inception.

“We have been thoughtfully searching for the right company in the defense electronics sector,” said Rick Nagel, Managing Partner for Acorn. “TSS represents the perfect mix of culture, products, services, past performance and technical expertise needed to capture the best opportunities in this growing and evolving sector.”

Founded in 1991, TSS provides technical services around the world for all segments of the Telecommunication and Broadband industries, with a particular emphasis on Department of Defense (“DOD”) programs.  Capabilities include the construction and management of earth-based satellite communication systems, radar station depot support and operational services, field installation and testing, headend connectivity and cabling, and integration of communication systems in the areas of wireless, broadband, and UHF/VHF/HF.

“TSS has a global footprint and experience deploying systems in demanding environments,” remarked Brandon Bradford, a Partner with Acorn. “Acorn is planning to make additional acquisitions in this arena, as demand for this mix of services is expected to continue to increase both commercially and within the DOD.”

“We are delighted to be part of Acorn’s suite of aerospace and defense businesses and are excited to be in a position to access the kind of capital we’ve needed to reach our full potential,” stated Dennis Fritz, the original founder and current CEO of TSS.

Teneo Capital served as an exclusive financial advisor to TSS on this transaction and Arvest Bank was the senior lender. Terms of the acquisition were not disclosed.

Telecommunication Support Services, Inc. provides technical services around the world for all segments of the Telecommunication and Broadband industries, including but not limited to satellite, wireless, broadband, UHF/VHF/HF, radar technologies, and professional services such as field installation and testing, erecting and commissioning earth stations, broadband headends, wireless, radio, and radar networks.  TSS also provides total service packages from Program Management and Project Engineering to integration design, installation, test, commissioning, product qualification testing, operations & maintenance, depot level maintenance, training, and warehousing/logistical support. www.tssincorp.com

Acorn Growth Companies is a middle market private equity firm focused exclusively on A&D.  Acorn invests solely in operating companies that strive to enhance global mobility and national security. Acorn has a strong reputation in the industry and is recognized for its deep understanding of the A&D markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders. www.AcornGrowthCompanies.com

Media Contact: 
Nikela Sappleton
Phone: 405.737.2676
Email: nsappleton@acorngc.com

Source : Acorn Growth Companies & Telecommunication Support Services, Inc. (TSS)
Business Info :
Acorn Growth Comapnies

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