Hexatronic acquires US company for $29 million

Hexatronic Group has entered into an agreement to acquire Superior Fiber & Data Services, an installation and service partner in data infrastructure operating in Texas. The acquisition strengthens the company’s Data Center business area and provides exposure to new customer segments. Superior was founded in 1998 and has approximately 60 employees. The company has annual revenue of about $40 million and normalized EBITDA of $5 million. The enterprise value amounts to $29 million, with a possible additional purchase price of $3 million payable in 2029. The acquisition gives Hexatronic’s Data Center business area exposure to education, healthcare, and the public sector, in addition to the commercial customer segment. Superior is reported to have long-standing customer relationships, many of which extend five years or longer, according to a press release from the company. The company’s founder, Randy Fuller, will remain in the business and take on the role of CEO. “The acquisition strengthens Hexatronic’s installation capacity in the important Texas market and increases our exposure to attractive customer segments. With the addition of two new acquisitions over the past six months, the Data Center business area will exceed SEK 2 billion in net revenue with good profitability,” says Hexatronic CEO Rikard Fröberg