Houlihan Lokey Advises Modus

Houlihan Lokey is pleased to announce that NextEdge Networks Holdings, along with its wholly owned subsidiary Modus, has been acquired by Bow River Capital, a private equity firm based in Denver. The transaction closed on August 31, 2020.

Based in San Francisco, Modus is a leading 5G infrastructure services company that focuses on identifying, designing, engineering, constructing, installing, and maintaining 5G small-cell networks. The company plays an important role in the nation’s 5G buildout, which will be a key enabler of transformational changes across industries and radically improve how people and devices connect. The deployment of the next generation of wireless has the potential to create upwards of 100,000 skilled jobs for Americans. Modus has deployed thousands of wireless telecommunications facilities in the most challenging municipalities in the Western United States and has emerged as an industry leader in designing, building, retrofitting, and modifying these networks. Today, the company is actively deploying 5G technologies throughout California, Louisiana, Oregon, Texas, and Washington.

Bow River Capital is a private alternative asset management company focused on investing in the lower middle market in three asset classes, including private equity, real estate, and software growth equity.

Bow River Capital seeks to invest in leading middle-market companies that advance the country’s infrastructure by improving built environments and network infrastructures. The firm will join the Modus team and support the next phase of growth while serving its loyal customer base and creating long-term career opportunities for its differentiated staff.

Houlihan Lokey served as the exclusive financial advisor to Modus and assisted in structuring and negotiating the transaction on its behalf.