April 2020 The Anderson Group Announces Sale of Thayer Power & Communication Line Construction Co., LLC

St. Petersburg, FL, April 2020 – The Anderson Group, LLC, an operationally-focused private equity firm, announced that portfolio company Thayer Power & Communication Line Construction Co., LLC has been sold to Calera Capital, a San Francisco and Boston-based private equity firm. BB&T Capital Markets served as The Anderson Group/Thayer’s exclusive sell-side advisor for this transaction.

Founded in 1964, Thayer Power & Communication is a leading provider of mission critical repair, maintenance, and upgrade services for the utility and telecommunications industries. Thayer has a deep understanding of how to deliver and drive exceptional day-to-day work safety, quality, and service. The Company operates in three primary lines of business: electric utility services, fiber placement and other wireline telecommunications services, and small cell site deployment and related wireless services. The Company is headquartered in Columbus, Ohio and offers its services across a large regional area including the central Midwest, Northeast, and Southeast United States.

Cory Gaffney, an Anderson Group Partner, stated that “It has been an honor working with the team at Thayer. I would like to thank them for their hard work and dedication over the past several years. Thayer’s success is the direct result of great people who know their business well coming together as a team and managing their business by making the correct, data driven decisions. I could not be more thrilled for everyone involved in Thayer and I know that the company will continue to grow and thrive for years to come. Also, thank you to the BB&T Capital Markets team for steadfastly navigating this transaction to a positive conclusion for all involved despite our present, unique market conditions.”

About The Anderson Group

Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.