FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON
Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce the successful sale of its client, QC Data International Inc. (“QC Data” or the “Company”), to EN Engineering, LLC (“EN Engineering”, a portfolio company of Kohlberg & Company). Meridian served as the exclusive financial advisor to QC Data on the transaction.
Headquartered in Denver, Colorado, QC Data is a leading provider of outsourced engineering and infrastructure data management services to the telecommunications and utilities industries. Since its founding in 1977, the Company has been trusted by leading telecommunications carriers and utility providers to deliver the solutions necessary to adapt, grow, and manage their own businesses effectively and efficiently.
Michael Pfeiffer, CEO of QC Data, stated: “Meridian Capital was instrumental in helping us reach a successful outcome. The team’s long-term approach and deep understanding of the telecommunications industry played a vital role in driving the transaction to close. We are excited for the next chapter with EN Engineering.”
Patrick Ringland, Managing Director and Head of Meridian’s Technology and Telecommunications practices at Meridian Capital, stated: “We are very proud to have worked with QC Data and its management team and are excited about the new opportunities offered through the combination with EN.”
This transaction represents continued momentum for Meridian Capital’s Telecommunications practice. Other recent transactions include EF&I Services Corp’s acquisition by Pearce Services, Tower Engineering Professionals’ acquisition by Prairie Capital, and Wellsco Inc.’s acquisition by Cyient (formerly known as Infotech Enterprises).
ABOUT EN ENGINEERING
EN Engineering provides comprehensive design, engineering, consulting, and automation services to utilities, pipeline companies, and industrial customers. With first-hand experience operating and maintaining utility infrastructure, the Company’s engineering professionals provide expertise in pipeline engineering, integrity services, automation integration, electrical design, industrial solutions, and process safety management.
For additional information, please contact one of the members of the transaction team:
ABOUT MERIDIAN CAPITAL
Meridian Capital, a Seattle-based M&A advisory firm, has served as a trusted advisor to business owners on complex corporate finance, M&A, and strategic challenges for over 20 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional and operation professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace, consumer, diversified industrials, food and beverage, manufacturing, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its Global M&A Partners network.