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HighBank serves as exclusive financial advisor to Tower 16, Inc. and SCE, Inc. on their sale to S&N Communications, Inc. a portfolio company of Sun Capital Partners

October 22, 2014

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it was the exclusive financial advisor to Tower 16, Inc. (“Tower 16”) and SCE, Inc. (“SCE”) on their sale to S&N Communications, a portfolio company of Sun Capital Partners.  Terms of the transaction were not disclosed.

Tower 16 operates as a general contractor skilled in providing value added construction services to the wireless telecommunications industry.  SCE is a leading provider of professional management, site development, and technical and construction services, including Distributed Antenna Systems and small-cell services, to the wireless sector.  The combined company provides a compelling solutions suite covering virtually every aspect of the wireless infrastructure life cycle.

“As both an owner and operator, I relied heavily upon on the senior level guidance, expertise and efforts of the HighBank team throughout a complex transaction process. Their deep knowledge of the wireless telecommunications industry created a result that far exceeded our expectations.  I would highly recommend them to others contemplating a sale transaction,” said Ed Humes, co-owner and President of Tower 16 and SCE.

Stephen Gaines, Managing Director, at HighBank stated, “Our relationship with Tower 16 and SCE goes back many years and we are excited to have had the opportunity to work with Ed and his team on this transaction. Each company has developed an outstanding reputation in the Mid-Atlantic region which they can now extend to a national platform with a highly complementary partner.”

About Tower 16, Inc.

Tower 16, Inc. offers wireless network expansion services.  Tower 16, Inc. is an experienced provider of construction management services for wireless telecommunications companies.  Tower 16 was founded in 1999 and is based in Joppa, Maryland.  For more information visit www.tower16.com.

About SCE, Inc.

SCE Inc. is an end-to-end provider of professional management, site development, specialized engineering, technical and construction solutions to the wireless telecommunications industry.  SCE, Inc. was founded in 1999 and is based in Chantilly, Virginia.  For more information visit www.sceeng.com.

About S&N Communications, Inc.

S&N Communications is headquartered in Kernersville, NC, and serves customers in 35 states. S&N Communications is a leader in utility construction and maintenance, facility locating, logistics and inventory management services and strives to set the standard for integrity, quality and cost competitive service. For more information visit www.sncomm.com.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a private equity firm specializing in equity and debt investments in acquisitions, leveraged buyouts, underperformers, turnaround, special situation transactions, private businesses, lower mid-market, divisions of larger companies, publicly traded companies, and middle market growth companies.  It typically invests between $3 to $50 million in companies that have revenues between $50 million and $5,000 million.  Sun Capital Partners, Inc. was founded in 1995 and is based at Boca Raton, Florida with additional offices across the United States, Europe, and Asia. For more information visit www.suncappart.com.