Clearwater International advises WHP Telecoms on the acquisition of Sitec Infrastructure Services
Clearwater International has provided corporate finance and debt advisory support to WHP Telecoms; a private equity backed wireless telecommunications services business on the acquisition of Sitec Infrastructure Services Ltd (Sitec), as the group looks to further strengthen its market position and broaden its service capabilities.
Sitec is a dynamic, delivery-focused project management company providing end-to-end solutions for the UK’s mobile and fixed line network operators. The business specialises in network design, rollout, upgrade, and management to the mobile telecommunications industry. It also has an expanding presence in the wayleave, design (planning) and installation of fixed line fibre optic networks.
The transaction brings together two sector leading businesses, with strong operational and cultural complementarities, to create a group with a turnover in excess of £100m (in excess of €120m) and 500 employees working across the full network lifecycle. The acquisition will also provide the platform for WHP Telecoms to enter the fast growing and dynamic fibre market.
This is the first acquisition WHP Telecoms has made since completing a management buyout backed by Equistone Partners Europe in 2018 and represents an important step in the group’s strategic growth plan.