Houlihan Lokey Advises Stallion Infrastructure Services

Houlihan Lokey is pleased to announce that SIMETRY, a division of Stallion Infrastructure Services (Stallion) and a provider of Internet-of-Things (IoT) connectivity solutions, has been acquired by Wireless Logic. The transaction closed on 8 July 2026.

SIMETRY is a U.S.-based specialist in managed IoT connectivity and infrastructure solutions, providing custom data plans, unified SIM and device management across multiple carriers, and secure global connectivity. The business also offers IoT hardware, provisioning services, and 24/7 U.S.-based technical support, helping businesses streamline deployments and manage devices efficiently at scale. SIMETRY was founded in 2020 as a division of Houston-based Stallion, a leading, tech-enabled specialty rental business. SIMETRY has established itself as a trusted partner for organisations requiring resilient managed connectivity, infrastructure visibility, and operational support for distributed IoT environments. The company is recognised for its hands-on approach, technical depth, and ability to deliver tailored solutions for complex, business-critical deployments. Under Stallion’s stewardship, the business has grown rapidly, supporting a large customer base across a range of industries and end markets.

Stallion is a leading provider of technology-enabled infrastructure solutions supporting customers across construction, industrial, energy, government, and commercial markets. Through an integrated portfolio of security and surveillance, communications and connectivity, workforce accommodations, portable sanitation, mobile offices and storage, power and lighting, and other critical infrastructure services, Stallion helps customers build, operate, and maintain essential projects with greater efficiency, reliability, and confidence.

Founded in 2000 and backed by Montagu Private Equity and General Atlantic, Wireless Logic enables secure, resilient connected operations at global enterprise scale, operating across 750 network partners in 165 countries with more than 20 million devices under management. The group serves 25,000 enterprise customers across sectors, including automotive, energy, healthcare, industrial IoT, and transport.

The acquisition combines SIMETRY’s strong customer relationships and operational expertise with Wireless Logic’s global connectivity platform, international carrier partnerships, and managed service capabilities, creating new opportunities for customers operating across North America and beyond.

Houlihan Lokey served as the lead financial advisor to Stallion, exemplifying the continued success of Houlihan Lokey’s dedicated global industrial technology practice and its strong track record in delivering carve-out transactions.

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