QualTek Acquires Fiber Network Solutions, A Premier Provider of Fiber Optic and Electrical Services to the Telecom and Renewable Industries

Acquisition Enhances QualTek’s Service Offerings and Expands Geographic Footprint

Blue Bell, PA., January 27,2021QualTek, one of the largest providers of turnkey telecommunications solutions, including engineering, installation, fulfillment, and program management to the North American telecommunications and power sectors, announced today that is has acquired Fiber Network Solutions, Inc (“FNS” or the “Company”). Terms of the transactions were not disclosed.

FNS, established in 2001 and based in Tyler, TX, is a premier full-service provider of fiber optic and electrical services, focusing primarily on renewable energy projects. The Company provides fiber optic terminations, OTDR and power meter testing, fusion splicing, fiber placement, extensive fiber optic and copper infrastructure installation, cable jetting, boring and trenching, industry specific maintenance, and design and material procurement.

“We are excited to have FNS join our team at QualTek. Their vast experience in renewable energy solutions and fiber deployment make this a highly strategic acquisition for our company,” said Scott Hisey, CEO of QualTek. “We look forward to expanding their impressive service offerings to customers throughout the country.”

“QualTek presents a fantastic opportunity for FNS to continue its growth. We look forward to working with Scott and his team as they build their services in the growing renewable energy industry,” said Tim Hooker, CEO of FNS. “Leveraging our combined resources and services will also allow us to move forward and expand our customer offerings to include wireline services, which are an essential driver of 5G growth.”

This marks QualTek’s 12th acquisition since 2012 as it broadens service offerings to customers throughout the United States and Canada.

About QualTek

QualTek is one of the largest providers of turnkey services to the North American telecommunications, infrastructure and power industries. Through its more than 5,000 dedicated professionals, QualTek provides its partners and clients with a range of services including engineering, installation, disaster recovery, project management, customer fulfilment, communications upgrades and infrastructure improvements. QualTek is a premier partner to some of the largest companies in the wireless, wireline and power sectors. For more information please visit www.qualtekservices.com.

About FNS

Based in Tyler, TX, FNS is a premier full-service provider for all fiber optic and electrical services to a wide array of markets. The Company provides fiber optic terminations, OTDR and power meter testing, fusion splicing, fiber placement, extensive fiber optic and copper infrastructure installation, cable jetting, boring and trenching, industry specific maintenance, and design and material procurement. For more information please visit https://www.fnsolutions.net/.

MEDIA CONTACT:

Gianna Lucchesi
glucchesi@qualtekservices.com

Brightstar Corp., a BCP Portfolio Company, Adds Premium Tech Support Capabilities with LucidCX Acquisition

Continued global investment and service expansion bolster Brightstar’s device protection offering and enhance overall customer experience

DALLAS, TX, Jan. 19, 2021Brightstar Corp. (Brightstar), the global leader of end-to-end device lifecycle management solutions, today announced it has acquired LucidCX, a provider of premier customer service management software and services. The acquisition follows a period of significant global investment for Brightstar and adds premium technical support capabilities to its expanding service portfolio.

LucidCX provides industry-leading tools to support customers through the entire lifecycle, from onboarding to repairs, returns and upgrades, across multiple channels including digital, retail, call centers and head offices. Its clients include global mobile carriers, device manufacturers, world-class banks, manufacturers and retail giants. Brightstar will leverage LucidCX’s award-winning software and services to help its customers deliver world-class customer service and drive down the cost of customer care. Brightstar will simultaneously help Lucid scale its operations and bring its services to a new host of customers.

“Brightstar is committed to delivering holistic solutions for today’s technology lifecycle. LucidCX builds additional capabilities into Brightstar’s services, supporting our Device Protection and wider smart technology services, ensuring we deliver exceptional value and capabilities to our customers,” said Rod Millar, CEO, Brightstar. “The addition of LucidCX will enable Brightstar to deliver the best experience to consumers as it continues to drive innovation and value throughout the device protection landscape. We are excited to bring LucidCX’s technology, knowledge and capabilities to our clients to drive significant value to them and consumers.”

“For over 16 years, LucidCX has been recognized for our tradition of innovation, exceptional customer care and long-term relationships with top global brands, and we are proud to become a key part of Brightstar and join a team that has been leaders in the mobile device industry for over two decades” said Matt Dyson, CEO of LucidCX. “Together we can further transform the customer journey, and we are excited to tap into Brightstar’s resources and reach to scale our offering and support more global customers.”

About Brightstar Corp.

Brightstar Corp. is a global leader of end-to-end device lifecycle management solutions and the world’s fastest growing device protection provider. We work with carrier, retail and enterprise customers in approximately 50 countries, touching every stage of a device’s lifecycle, from when it’s manufactured to the moment it’s time to trade it in and re-market it. To learn more about Brightstar Corp., please visit www.brightstar.com.

About LucidCX

LucidCX provides omni-channel knowledgebases, diagnostics and process automation services ensure that no matter where or what a customer asks, we’re there to help. Trusted by world-class banks, network operators, insurers, manufacturers and retailers, our award-winning services aim to deliver premium customer support while significantly reducing costs for our partners. To learn more about LucidCX, please visit www.lucidcx.com.

MEDIA CONTACTS:

For Brightstar Capital Partners
Doug Allen/Zach Kouwe
Dukas Linden Public Relations
brightstar@dplr.com
212-704-7385

For Brightstar Corp.
Articulate Communications
brightstar@articulatecomms.com

Letter from Founder & CEO Andrew Weinberg

Brightstar Family,

I hope that you and yours have enjoyed a healthy, safe and joyous holiday season.

I want to share some brief thoughts with you as we enter the new year and close the book on an unprecedented 2020. Last year was one for the history books with a true black swan event shutting large parts of the global economy and isolating people from their families, friends and co-workers. But, despite the challenges of working amid a global pandemic, 2020 was a milestone year for Brightstar Capital Partners. We’ve shown substantial growth as a firm across a number of fronts, and our team’s resiliency and ability to use our collective intellectual capital to support and continue to grow our portfolio companies has been extraordinary.

Transactions: While adjusting to a remote environment, we completed two platform acquisitions and two add-on acquisitions for our existing portfolio companies, bringing the total transactions completed since our inception to 21. Our team sprinted through 2020’s finish line, closing two acquisitions in the final weeks of the year. We acquired Amerit Fleet Solutions as our second platform investment in Fund II, and Bobcat Southwest as an add-on acquisition that bolsters our InfraServ platform. You can read about these acquisitions here and here. Our deal pipeline is robust as we move forward.

Assets Under Management: We have raised approximately $2.0 billion of committed capital since inception, including exceeding our target with more than $1.0 billion raised for Brightstar Capital Partners Fund II.

Offices: In the past 12 months, Brightstar enhanced our distributed model by opening permanent offices in Palm Beach, FL, Nashville, TN, and Orange County, CA to support our existing headquarters in New York and our offices in St. Louis and Denver. We also set up a temporary office in Greenwich, CT.

Human Talent: 10 impressive new colleagues came on board as Brightstar expanded to more than 40 employees across the firm.

To start 2021, Michael Drexler joined us as a Managing Director and Chief Strategy Officer based out of our Palm Beach office. In this new role, Michael will work closely with the entire Brightstar team, advising the firm on its long-term growth strategy. He brings a wealth of experience from his prior role as Managing Director and Global Head of Strategy and Business Transformation at J.P. Morgan Asset Management.

In June, Michael Singer joined us as a Managing Director and serves on the board of Amerit Fleet Solutions and Global Resale. In his prior roles, Michael led and was the executive sponsor for numerous acquisitions, their respective integrations and portfolio sale processes. He most recently was the Chief Strategy Officer for Brightstar Corporation, where he also served on the boards of several of its portfolio companies.

Jesse Rosenfeld joined Brightstar to kick off 2021 as a Principal focusing on fundraising and Investor Relations. Jesse has nearly two decades of experience in the industry, and comes to us from Riva Ridge Capital Management, where he led fundraising and investor relations efforts for a private investment firm specializing in complex, overlooked or misunderstood situations in the leveraged company universe.

In addition to adding new colleagues, we are happy to announce several promotions. Jonathan Quigley, Managing Director, will add the title of Chief Network Officer. His expanded responsibilities include overseeing Brightstar’s deal sourcing strategy. Christy Lukach, Peter Smith and Craig Thomas were all promoted to Principal from Vice President, and Maggie Zerman was promoted to Vice President from Fund Controller.

We’re expecting even more success in 2021 as we continue to roll up our sleeves, bring on new partners, forge new and closer relationships and lay the groundwork for a post-COVID recovery. I want to thank all of you for your continued support.

Andrew Weinberg
Founder & CEO

MEDIA CONTACTS:

Doug Allen/Zach Kouwe
Dukas Linden Public Relations
brightstar@dplr.com
212-704-7385