Dec 09, 2020
Full Circle Fiber Adds MTC Engineering
MTC Engineering Continues Along Growth Path with Investment from Full Circle Fiber
Lone Tree, CO – December 9, 2020 – MTC Engineering (“MTC” or the “Company”), a telecommunications engineering and construction management firm, announced that it has been acquired by Full Circle Fiber Partners (“Full Circle”), an affiliate of Mill Point Capital. MTC will continue to operate independently under its new name, MTC Consulting LLC.
MTC’s fast-growing platform is focused on outside plant engineering, civil engineering, construction management, construction inspection, land acquisition, optical systems provisioning and business development expertise. Since the Company’s founding in 2002, MTC has provided network planning and engineering services in connection with the deployment of fiber optic infrastructure to major telecommunications carriers as well as all levels of government (municipal, state and federal). The Company is headquartered in Lone Tree, Colorado, with additional offices in Florida and Texas.
Mill Point is a middle-market private equity firm focused on control investments in North America. Mill Point employs an Executive Partner model and has extensive experience investing in transactions in the communications and business services sectors. The board of Full Circle includes communications industry veterans such as Wayne H. Davis. Full Circle made its first investment in the communications services space in April 2020, with the acquisition of Knight Broadband, and its second investment in August 2020, with the acquisition of Noble Resources.
Under the ownership of Full Circle, MTC will continue to build upon its strong track record of performance and reliable customer service, while executing on the variety of opportunities in front of the Company today. The combination of MTC with Full Circle’s existing construction services capabilities immediately supplements the platform’s value proposition and service offerings, while expanding geographical reach and enhancing its ability to serve new and existing customers.
Kevin Manweiler, President of MTC, commented, “I am extremely proud of the foundation our team has built and look forward to the next stage of development for MTC. We are thrilled to be joining the Full Circle platform and are excited about their commitment to our growth going forward.”
“Under the leadership of Kevin Manweiler, MTC has established a track record of strong execution in design and engineering services for its telecommunications customers. We look forward to partnering with the entire MTC team to support the extensive growth opportunities in front of the Company as well as the broader Full Circle platform,” said Michael Duran, Founder and Managing Partner of Mill Point.
Headquartered in Lone Tree, CO, MTC is a telecommunications engineering and construction management firm focused on outside plant engineering, civil engineering, construction management, construction inspection, land acquisition, optical systems provisioning, switching provisioning and business development expertise. MTC has provided network planning and engineering services in connection with the deployment of fiber optic infrastructure to major telecommunications carriers as well as all levels of government (municipal, state and federal). For more information, please visit www.mtc-llc.com.
About Mill Point Capital
Mill Point Capital is a private equity firm targeting control investments in lower-middle market businesses, with a focus on industrial and business services companies in North America. Mill Point’s experienced team of investors and Executive Partners seek to enhance the value of portfolio companies by executing transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.