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velocitel.com

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About Velocitel

Velocitel is a wireless network services company delivering a complete suite of professional services to acquire, design, engineer, implement, upgrade and maintain wireless infrastructure sites. The company has designed, constructed and deployed over 50,000 wireless sites since 1987. The company is a provider in safety with extensive training systems in place, and a member of the NATE (National Association of Tower Erectors) Safety Committee.

Velocitel Headquarter Location

1033 Skokie Blvd. Suite 320

Northbrook, Illinois, 60062,

United States

224-757-0001

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Latest Velocitel News

QualTek Announces Acquisition of Velocitel

Dec 5, 2017

Combination adds scale and diversification while enhancing service offering to customers December 05, 2017 12:59 PM Eastern Standard Time KING OF PRUSSIA, Pa.--( BUSINESS WIRE )-- QualTek , a world-class technology-driven provider of turnkey engineering, construction, fulfillment, and project management services to the telecommunications industry, announces that it has acquired the assets of FDH Velocitel related to their Velocitel and Site Safe divisions (Velocitel) from The Willis Stein Private Equity Group. Velocitel provides site-acquisition, design, engineering, implementation, upgrade, maintenance, and RF compliance services for wireless infrastructure. The combination of QualTek and Velocitel will double the size of the legacy platform and significantly expand its presence into 35 states with over 1,200 employees nationwide. In addition, the acquisition is highly complementary given minimal geographic overlap, creating a leading provider of wireless, wireline, and fulfillment services on a national scale. “With the addition of Velocitel, QualTek will significantly expand its platform and enhance service capabilities to customers. QualTek will leverage its proprietary technology to deliver quick, timely and accurate data reporting, while continuing to provide the highest level of service to our customers. We look forward to welcoming Velocitel into the QualTek family as our company enters its next phase of growth,” said Scott Hisey, CEO of QualTek. Jefferies LLC acted as exclusive financial advisor to Velocitel and Kirkland & Ellis LLP as Velocitel’s legal advisor. About QualTek QualTek is a leading turnkey provider of engineering, construction, fulfillment and project management services to the telecommunications industry. The company is a one-stop infrastructure services solutions provider addressing wireline (NX Utilities), wireless (Empire Telecom), and residential and commercial fulfillment (QualSat). With experienced management staff, qualified field technicians, accurate and state of the art data management and financial systems as well as a dedicated network of subcontractors, QualTek ensures that projects are delivered on time in a quality and financially responsible manner. About Velocitel Velocitel is a 30-year old wireless network services company delivering a complete suite of professional services to acquire, design, engineer, implement, upgrade and maintain wireless infrastructure sites. For media inquiries, please contact Kristen Potaznick, Corporate Communications Manager, at 484-804-4502.

Velocitel Acquisitions

2 Acquisitions

Velocitel acquired 2 companies. Their latest acquisition was Stainless on February 24, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/24/2015

$99M

Acquired

1

2/17/2015

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$99M

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10

Date

2/24/2015

2/17/2015

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

Velocitel Team

4 Team Members

Velocitel has 4 team members, including current President, Adam Spittler CPA.

Name

Work History

Title

Status

Adam Spittler CPA

President

Current

Jim Estes

Chief Executive Officer

Former

John C Thompson

President

Former

Joe Busky CPA

Chief Financial Officer

Former

Name

Adam Spittler CPA

Jim Estes

John C Thompson

Joe Busky CPA

Work History

Title

President

Chief Executive Officer

President

Chief Financial Officer

Status

Current

Former

Former

Former

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