Houlihan Lokey Advises Apogee Telecom

Houlihan Lokey is pleased to announce that Apogee Telecom (Apogee) has been acquired by Boldyn Networks (Boldyn). The transaction closed on May 15, 2024.

For more than two decades, Apogee has been recognized as the leading provider of on-campus connectivity infrastructure in the U.S. higher education industry. The company offers wireless residential campus networks for students, faculty, and staff, as well as managed campus network and technology solutions, fiber infrastructure as a service, and video services. It serves more than 350 customers, representing the vast majority of U.S. outsourced on-campus residential infrastructure connectivity.

Boldyn is one of the largest shared network infrastructure providers in the United States and globally and is an expert in smart city innovations, private 5G LTE networks, fiber deployment and management, and large venue, arena, and transit connectivity. The planned acquisition will combine Apogee’s expertise in higher education managed networks with Boldyn’s full portfolio of small cells, fiber, DAS, macro sites, smart cities, and private networks for larger and scalable wireless infrastructure projects.

“We are very excited about joining Boldyn. The synergies between our business and Boldyn will open a number of new opportunities to extend our capabilities to existing and new customers in Higher Education, which we have been serving for decades” said Scott Drossos, CEO of Apogee. “Joining Boldyn Networks means strengthening our technical and financial ability to deliver innovative, state-of-the-art connectivity to colleges and universities. Apogee has a long history of serving and delighting its higher education customers, and we are pleased that Boldyn shares similar values. Apogee’s customers will continue to enjoy great service and our combined mutual commitment to innovation and customer satisfaction is being strengthened through this agreement.”

“College students and faculty today have the highest expectations when it comes to always-on, high speed, and low latency wireless connectivity on-campus. Apogee has clearly established itself as the leading provider of connectivity to universities. Boldyn will continue delivering on Apogee’s reputation as the partner of choice for this important set of customers”, said Christos Karmis, Boldyn’s U.S. CEO. “Just as we provide connectivity to the largest cities and venues in the country, we’re now bringing Boldyn’s global expertise and innovation to one the most relevant sectors in the creation of our interconnected future.”

Houlihan Lokey served as the exclusive financial advisor to Apogee.