Chicago/Cleveland – November 13, 2018 – Brown Gibbons Lang & Company (BGL) is pleased to announce the simultaneous closings of Recovery Logistics, LLC (RLI or the Company) and its sister-company, Site Resources, LLC (SRI) to QualTek USA, LLC, a portfolio company of Brightstar Capital Partners. BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to RLI in the transaction. The specific terms of the transaction were not disclosed.
Headquartered in Apex, North Carolina, RLI is a leading national provider of essential business continuity and disaster recovery services to the power utility and telecommunications markets. RLI’s comprehensive suite of support services including, logistics, auxiliary power and fuel resources, temporary housing and basecamp infrastructure and support facilities, clearing and access work, and restoration of telecommunication network towers and related equipment, are critical in helping its customers both maintain and restore power and telecommunication in the wake of emergency and other unplanned events. The Company’s turnkey service offering, proprietary technology, and extensive network of key response resources have enabled it to be the single-source solution provider to the complex demands of its premier customer base. RLI’s sister-company, SRI, provides cell site installation, upgrades, repairs, and maintenance of wireless network infrastructures and often works in conjunction with RLI on disaster recovery efforts.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Diversified Industrials, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.