Skyway is pleased to announce the sale of Silicon Valley-based Premier Wireless Solutions (“PWS” or the “Company”) to wireless managed services provider OptConnect, a portfolio company of private investment firm Graham Partners. Skyway Capital Markets served as the exclusive investment banker to PWS for this transaction.
The acquisition will allow the two complementary and innovative organizations to add additional strategic capabilities, products lines, and service capabilities, while also providing opportunities to scale with greater end-market diversification and global reach. Together, the two organizations provide a full range of hardware and connectivity options, along with a full continuum of managed services to support customers in their specific business needs.
Founded in 2010, PWS has become a leading Internet of Things (“IoT”) solutions provider serving the M2M/IoT market and executes on all aspects of IoT network deployment including network design, hardware procurement, software configuration, staging, API integration, device certification, implementation, management, and support. With experience serving many different IoT verticals and markets including digital signage, primary internet applications, utilities, asset tracking, EV charging, and medical markets, PWS is well positioned to continue to grow their strong base of blue-chip customers.
Headquartered in Kaysville, UT, OptConnect is a one-stop shop provider of managed wireless connectivity solutions for unattended equipment. The company’s solution combines proprietary device configuration, network monitoring and reliable wireless IoT connectivity to provide a cost-effective, dependable, and secure total managed platform. Since 2009, OptConnect’s Connectivity-as-a-Service (“CaaS”) model has changed the way OEMs, operators, and deployers can connect their equipment to the internet reliably, without the expertise or expense of having to do it on their own.
PWS will continue to operate under the Premier Wireless Solutions name and will be branded as an OptConnect company. Their office in San Jose, California will remain open and Vince Giacomini, Founder of PWS, will serve as President of the PWS business unit.
PWS Founder, Vince Giacomini, commented “We have a unique, cutting-edge technology hardware and software business, with lots of moving parts, so finding an investment bank that understood our business and technology was a priority. With our office in Silicon Valley, we had plenty of options, but none of them came close to Skyway’s value proposition and the remarkable outcome we achieved. Their strong understanding of the IoT marketplace and relationships within the investment community allowed us to consummate an incredibly synergistic transaction with OptConnect that will benefit our customers and team for years to come.”
Andrew Fenton, Managing Director at Skyway Capital Markets, commented “It was great to represent a visionary technology entrepreneur such as Vince who is truly a pioneer in the M2M and IoT sector. We work across a variety of sectors, but it’s incredibly rewarding to see how Skyway’s unique approach can particularly benefit technology and telecom focused clients. The exceptional outcome we achieved for Vince and his team is a great example.”
Skyway Capital Markets Senior Managing Director, Michael Faraone, added “We are incredibly excited for Vince and his team and for our team at Skyway. Having closed a $100M+ Series A financing just last week for a technology company in Tampa Bay, and now closing one of the more meaningful transactions of the year in the IoT space for a tech client in the San Francisco Bay Area, it is great to see our national technology practice at Skyway enter 2022 with strong momentum.”
Skyway Capital Markets, LLC is a leading M&A advisor to closely held, founder-owned, and family-owned middle-market businesses.
For additional information please contact:
Michael Faraone, Senior Managing Director
Andrew Fenton, Managing Director
Michael Devine, Managing Director
About Premier Wireless Solutions
Premier Wireless Solutions (“PWS”) is a value-add distributor and solutions provider that offers a full range of services from concept to deployment. PWS delivers innovative wireless products from embedded modules to fully integrated systems and combines hardware with expansive global connectivity plans for all applications accommodating data usage models large and small. With 10+ years of wireless experience PWS works closely with design services and test certification houses building new partnerships every day.
Headquartered in Kaysville, UT, OptConnect (www.OptConnect.com) is a one-stop shop provider of managed service wireless connectivity for unattended equipment including ATMs, smart safes, kiosks, micro markets, digital signage and other custom applications. The company’s solution combines proprietary device configuration, network monitoring, and reliable wireless IoT connectivity to provide a cost effective, dependable, and secure total managed platform supported by a superior customer service infrastructure. OptConnect has spent 10+ years perfecting managed wireless services so that customers can focus on their core business strengths without having to deal with the delays, complexities, and frustrations of typical cellular deployments. OptConnect’s fully managed solution provides Connectivity-as-a-Service for M2M and IoT applications that is simple and easy to implement.