We’re delighted to announce that Key Capital Partners (KCP) have invested £5m into Commhoist.
Commhoist was founded more than 20 years ago by current shareholders, CEO Bob Kerslake and Operations Director Dave Carsley.
Working in the new-build, upgrading, decommissioning and maintenance of core telecoms infrastructure ranging from large scale mobile masts to smaller city centre base stations. We have been involved in all previous roll-outs of core mobile infrastructure and find ourselves perfectly poised to capitalise on the impending roll-out of 5G.
The deal sees KCP acquire a significant minority stake in the business. Both Bob Kerslake and Dave Carsley will remain in their current roles, being joined by Commercial Director, Wayne Brierley. James Hall, Managing Partner at KCP, who led the investment team alongside Matt Tice, who will also join the board.
Managing Partner James Hall commented “Bob and Dave have built a fantastic business which has an enviable reputation in the market for the quality of its service and its expertise in the mobile telecoms market. Commhoist is superbly positioned to continue to grow and further broaden its services in a market that is set for explosive growth over the next few years. We very much look forward to working with the team and being involved in what should be a very exciting phase for the business.”
Bob Kerslake, Commhoist CEO added: “We are delighted to welcome KCP into the Commhoist family and are looking forward to their strategic support and backing, to help us grow the business and make the most of the exciting opportunities to come.”
Sean Fitzgerald of Ward Hadaway provided legal advice to KCP with Rob McCarthy of RSM providing financial due diligence. Commhoist and its shareholders were advised by Sonio Singh of Davis Blank Furniss with Peter Shaddick of EK Williams providing corporate finance advice.