SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, MicroTechnologies, LLC (DBA MicroTech) has sold its subsidiary, Defined Technologies, to Comcast Corporation (NASDAQ: CMCSA).
Defined Technologies, a wholly-owned subsidiary of MicroTech, provides telecommunications, support services and solutions, and engineering and program management in support of telecom transformation, transitions, and implementations. In July of 2017, Defined Technologies was awarded one of 10 (now nine) coveted prime contractor spots on the highly valued, best-in-class General Services Administration (GSA) Enterprise Infrastructure Solutions (EIS) contract, a $50 billion telecommunications and network modernization services contract vehicle.
Tony Jimenez, Founder and CEO of MicroTech, strategically built the capabilities and resources to win the EIS contract and several valuable EIS task orders to position the Company for significant additional growth. Defined Technologies will become part of Comcast’s federal business segment, expanding Comcast Business’ rapidly growing position as a premier provider of connectivity and communications solutions to government agencies.
“This was not an easy decision for MicroTech, but ultimately the transaction was a win-win for both MicroTech and Comcast,” said Tony Jimenez. He went on to share, “SC&H Capital gave valuable, insightful guidance to me during the M&A process and provided multiple options for Defined Technologies. The transaction puts us in a strong position to focus on MicroTech’s core business and makes Comcast a significant contender in telecommunications and network modernization for the Federal customer. I could not be more pleased with the outcome the SC&H team delivered.”
“Defined Technologies has proven its ability to win task orders under EIS, and joining Comcast will unlock additional opportunities and fuel further growth,” stated Matthew Roberson, Managing Director at SC&H Capital and transaction lead.
The terms of the transaction were not disclosed.