Chinook Capital Advisors represents shareholders of SatTel Broadband, Inc. in acquisition by AscendTek, LLC, a portfolio company of Borgman Capital
Chinook Capital Advisors, a leading M&A advisory firm serving the needs of Pacific Northwest business owners, acted as the exclusive advisor to the shareholders of SatTel Broadband, Inc. (“SatTel”) in its acquisition by AscendTek, LLC (“AscendTek”), a portfolio company of Borgman Capital.
SatTel Broadband, Inc. is a premier West Coast wireless telecommunications infrastructure company with operations in Washington, Hawaii, Arizona, and Oregon. SatTel has a broad set of capabilities to handle various projects with their network of crews and specialized personnel.
“The Chinook team did a great job navigating the complexities of a sell-side process and clearly communicating with the shareholders every step of the way,” said Robert Young Sr., President of SatTel. “Chinook drove a competitive process that delivered the best possible outcome for the shareholders and found the Company an ideal partner in AscendTek who will provide us with the expertise and resources to drive further growth.”
“We are still in the early stages of full installation of 5G wireless telecommunication and small cell infrastructure. AscendTek and Borgman are the perfect partners for SatTel to exploit market opportunities and continue strong growth for years to come.” added John O’Dore, co-founder of Chinook.
“We were honored to be chosen by the shareholders of SatTel to lead the entire sell-side process, from initial valuation and market analysis all the way through close. The transaction could not have resulted in a better outcome since it allowed the shareholders to meet their individual goals while providing an exciting future for the management team and employees as they continue to drive rapid growth in a dynamic industry.” added Ed Kirk, co-founder of Chinook.
ABOUT CHINOOK CAPITAL ADVISORS:
Chinook Capital Advisors, based in Kirkland, WA, is a leading M&A advisory firm serving the needs of Pacific Northwest business owners. We help businesses prepare for and execute business ownership transition events.
Our expertise includes sell-side advisory/seller representation services, recapitalizations, advisory board/transaction preparation services, and other services including business valuation and debt advisory. Chinook serves many of the key industries that drive the Pacific Northwest economy, including manufacturing, distribution, business services, technology, healthcare products & services, and consumer products & services.
We welcome inquiries from business owners wanting to discuss business valuation, M&A market updates, or how to build value towards a future exit or recapitalization.