Alliance Corporation acquired by Lee Equity and Twin Point Capital
Deal Synopsis
Lee Equity Partners and Twin Point Capital, two growth middle market private equity firms, announced that funds managed by the two groups have acquired a controlling interest in Alliance Corporation. Alliance is Canada’s largest value-added distributor of wireless communications technology and is one of the fastest growing distributors in the United States, providing mission-critical solutions to the leading wireless carriers across North America. Press Release.
Seller Details
Alliance Corporation distributes wireless network infrastructure, in-building signal enhancement solutions and broadband systems for cellular and next generation 5G networks, fixed wireless networks, as well as private enterprise and industrial users. Alliance also provides pre and post-sale technical support, engineering, radio configuration and training services.
Buyer Details
Lee Equity Partners is a New York-based private equity firm that partners with successful management teams to build companies with strong growth potential. Lee Equity targets equity investments of $50 million to $150 million in middle-market control buyouts and growth capital financings in companies with enterprise values of $100 million to $500 million that are located primarily in the North America. The firm invests in a range of industries where the team has deep relationships developed over decades, including business services, financial services, and healthcare services.
Twin Point Capital is a principal investment firm founded by Lawrence H. Guffey and Jonathan E. Friesel in 2015 following their careers at Blackstone and Oak Hill Capital Partners, respectively. Based in Palo Alto, CA and New York, NY, Twin Point seeks to partner with outstanding management teams to build market leading companies.