Azalea Capital is pleased to announce the sale of ETAK Systems, Inc. to a private investor group led by Mosaic Capital Partners, LLC and management. ETAK Systems, based in Charlotte, NC, is a leading service provider to national wireless communication carriers providing maintenance and installation services on key network infrastructure throughout the U.S.
Lee Priest, CEO of ETAK, stated, “We have enjoyed a successful relationship with Azalea in recent years as we have grown ETAK into an industry leading wireless services provider. Azalea provided valuable leadership and guidance, and was instrumental in the recruitment of our current team. Azalea also provided growth capital to allow ETAK to flourish and was a value added partner during our years together.”
Brookwood Associates, LLC served as financial advisor and Nelson Mullins served as legal advisor to ETAK for this transaction.
ETAK Systems’ infrastructure services include reserve battery power installation/replacement, power plant upgrades and capacity-expanding radio installations for leading wireless carriers. ETAK also offers site reviews, location analysis, engineering audits, battery testing, small cell and distributed antenna system installation and other miscellaneous services related to wireless communication networks.