News
Siris Enters into Agreement to Acquire BearCom, a Premier Distributor and Integrator of Voice, Video and Data Solutions
Siris Enters into Agreement to Acquire BearCom, a Premier Distributor and Integrator of Voice, Video and Data Solutions
Siris’ investment supports BearCom’s commitment to mission-critical wireless communications and helps BearCom pursue opportunities in key growth areas including private mobile networks, video security technology, and event & industrial solutions
New York and Garland, TX, November 27, 2023 – Siris, a leading private equity firm focused on investing and driving value creation in technology companies, today announced a definitive agreement to acquire BearCom, a leading North American solutions provider of wireless communications and security technologies, from Bertram Capital, a middle market private equity firm headquartered in Foster City, California. Terms of the transaction were not disclosed.
Founded in 1981, BearCom has been trusted for decades by customers across North America to provide land mobile radio systems that support critical business and security processes. BearCom has more than 1,000 employees, including 350+ in its service workforce across the United States and Canada. These highly trained technicians deliver engineered product solutions and value-add technical services to ensure safety and security throughout the equipment lifecycle. BearCom supports customers of all sizes across the distribution, manufacturing, chemicals, construction, energy, transportation, and live events industries, as well as the public sector. With more than 60 branch locations, BearCom serves as the world’s largest integrator of Motorola’s two-way radio systems.
Siris’ investment in BearCom will provide the company with additional resources and expertise to help accelerate BearCom’s growing traction in providing video and other physical security technologies, private data networks, and DAS systems to enterprise customers and complex, large-scale live entertainment and industrial events.
“Les and the team have built a compelling company vision and customer-first culture. I am deeply impressed with BearCom’s focus on deploying highly engineered technologies and expertise to deliver end-to-end solutions to customers across industries to improve safety, security and productivity,” said Jeff Jacobson, an Executive Partner at Siris. “I look forward to working with BearCom as it scales its capabilities and operations over the coming years.”
BearCom’s existing commitment to quality and innovation are well-recognized by key industry partners. BearCom has a longstanding Platinum Channel Partner and Service Elite Specialist relationship with Motorola Solutions in recognition of its strong sales performance and high-quality service capabilities. BearCom has also announced partnerships with technology leaders including Amazon Web Services, Athonet by Hewlett Packard Enterprise, Ericsson Cradlepoint, Fujitsu, Boingo, and Evolv Technology.
“BearCom has been on an impressive trajectory in recent years, and Siris’ technology expertise makes it the ideal partner to propel our next chapter of growth,” said Les Fry, Chief Executive Officer of BearCom. “With Siris’ support, we will focus investments on broadening our product portfolio and deepening our service capabilities. I also want to express my gratitude to Bertram Capital for their partnership and support over the past five years.”
“BearCom has an extensive history of addressing customers’ most crucial wireless communications and security needs,” said Tyler Sipprelle, a Partner at Siris. “This mission-critical nature of BearCom’s solutions is a strong fit for Siris’ investment approach, and we look forward to partnering with the BearCom team to help accelerate both organic and inorganic growth.”
The transaction is expected to close around year-end 2023, subject to regulatory approvals and other customary closing conditions.
Sidley Austin LLP served as legal advisor to Siris. Piper Sandler and BlackArch Partners served as financial advisors and Hirschler LLP served as legal advisor to BearCom and Bertram Capital.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris’ Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and West Palm Beach and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
About BearCom
Founded in 1981, BearCom is the leading provider and integrator of wireless voice, video, and data solutions across the U.S. and Canada. BearCom is headquartered in Garland, Texas.
About Bertram Capital
Bertram Capital is a private equity firm targeting investments in lower middle market companies. Since its inception in 2006, the firm has raised over $3B of capital commitments. In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services, Bertram High 5sm and Bertram Labs, to empower its portfolio companies to unlock their full business potential. The Bertram High 5sm is an operationally focused value creation strategy, which includes management augmentation, operational initiative implementation, complementary business acquisition, sales, and marketing improvements, and leveraging technology and IP. The cornerstone of this strategy is Bertram Labs, its in-house technology team, which drives growth and value through digital marketing, e-commerce, big data and analytics, application development, and internal and external platform optimization. Visit www.bcap.com for more information.
Media Contacts
Siris:
Dana Gorman / Blair Hennessy
H/Advisors Abernathy
dana.gorman@h-advisors.global / blair.hennessy@h-advisors.global
Bertram Capital:
David Hellier
pr@bcap.com
Siris Announces the Promotion of Tyler Sipprelle to Partner
Siris Announces the Promotion of Tyler Sipprelle to Partner
NEW YORK, Feb. 2, 2023 — Siris, a leading private equity firm focused on investing and driving value creation in technology companies, is pleased to announce the promotion of Tyler Sipprelle to Partner. Based in New York, Mr. Sipprelle will continue to help lead the Investment Team with the responsibility of sourcing, executing and managing investments with a focus on the business services, internet, telecom services and industrial technology sectors.
“We are extremely proud of Tyler’s accomplishments and are excited to recognize him with this much-deserved promotion,” said Frank Baker, a Co-Founder and Managing Partner of Siris. “Tyler has played a key role in a number of important investments over the past seven years and, importantly, represents our firm’s values. We look forward to witnessing his achievements in the future.”
Mr. Sipprelle’s promotion is reflective of his longstanding commitment to Siris and recognizes his significant contributions and dedication to the ongoing growth and success of the firm’s business. Mr. Sipprelle currently serves as the Investment Team lead and a board member on Siris portfolio companies Constant Contact, EFI and Newfold Digital. He played similar roles in the firm’s past investments in Transaction Network Services and Intralinks.
Prior to joining Siris, Mr. Sipprelle served as an associate at a technology-focused private equity firm and began his career in technology investment banking at Lazard. Mr. Sipprelle earned an M.B.A. from Harvard Business School and was a Baker Scholar. He graduated from Harvard University with an A.B. in Economics.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris’ Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
SOURCE Siris Capital Group, LLC
Related Links
http://www.siris.com
Newfold Digital Expands Global Commerce Offerings with Acquisition of DLoja Virtual
Newfold Digital Expands Global Commerce Offerings with Acquisition of DLoja Virtual
Jacksonville, FL, February 1, 2023 – Newfold Digital (“Newfold”), a leading web and commerce technology provider, today announced that it has completed its acquisition of Brazilian-based DLoja Virtual, a commerce platform for creating virtual stores in a quick and practical way.
DLoja Virtual, established in 2010 to help small- and medium-businesses in Brazil sell online, offers an easy-to-use online store builder integrated with the most relevant payment gateways and shipment systems in Brazil.
With DLoja Virtual, Newfold Digital will continue expanding its commerce offerings with a product already built for the Brazilian market to support its HostGator Latin America customers.
Expanding its product offerings to meet the commerce needs of its global customers is a top focus for Newfold. The acquisition of DLoja Virtual, and Newfold’s recent launch of award-winning commerce offerings for two of its portfolio brands, Bluehost and Web.com, is a continuation of that focus.
“Our global customers continue to advance their journey from starting with a domain to building a website and deciding they want to launch an online store. Latin America is one of the largest commerce regions in the world and we have an existing and very robust business in Brazil already,” said Sharon Rowlands, CEO of Newfold Digital. “Our customers are looking more and more for commerce offerings, and DLoja Virtual will provide us with a way to bring together the best of our HostGator Latin America business with a new commerce solution that already has the product and capabilities to support customers in Brazil.”
DLoja Virtual allows customers to quickly develop their online store and begin selling their products and services on a robust yet easy-to-use online store builder with integrations with all key payment providers, shipping integrations and other software. DLoja Virtual provides customers with tools to update products, manage their customers, get reports on their online sales and promote their online stores.
About Newfold Digital
Newfold Digital is a leading web and commerce technology company serving nearly 7 million customers globally. Established in 2021 through the combination of leading web services providers Endurance Web Presence and Web.com Group, our portfolio of brands includes: Bluehost, CrazyDomains, HostGator, Network Solutions, Register.com, Web.com and many others. We help customers of all sizes build a digital presence that delivers results. With our extensive product offerings and personalized support, we take pride in collaborating with our customers to serve their online presence needs. Learn more about Newfold Digital at Newfold.com.
About DLoja Virtual
DLoja Virtual offers tools and resources for creating virtual stores. In addition to ready-made templates for just changing important information for products and photos of products sold by the customer, it also features integration with Correios, PayPal and other services.
About HostGator
HostGator is a global leader in website building technology. We help projects of all sizes to conquer their space on the internet, providing the right tools and the necessary support for you to develop your website safely.