Telecom
CLA Meridian Capital Advises QC Data Holdings LLC in Sale to EN Engineering
Published December 3, 2019
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON
CLA 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). CLA Meridian Capital served as the exclusive financial advisor to QC Data on the transaction.
About QC Data
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.
“CLA 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 CLA Meridian Capital’s Technology and Telecommunications practices at CLA 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.”
Michael Pfeiffer, CEO
QC Data
This transaction represents continued momentum for CLA 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.
“Only launching four years ago, nutpods has quickly established itself as the premier brand in the plant-based coffee creamer space. Madeline, its founder, has proven to be a true pioneer in dairy-free products that resonate with consumers. CLA Meridian Capital is proud to have represented nutpods and believes VMG will be a phenomenal partner in supporting its continued growth across new product formats and distribution channels.”
Michael Barber, Managing Director
CLA Meridian Capital
For more information, please contact:
President & Managing Director
About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
