Assets of Tessco's Retail Division
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Assets of Tessco's Retail Division - overview
Location
-, -, US
Primary Industry
Retail
About
Assets of Tessco's Retail Division specializes in providing wireless communication solutions, including antennas and broadband products, aimed at enhancing connectivity across diverse sectors. Assets of Tessco's Retail Division focuses on delivering wireless communication products and solutions. In October 2020, the division was acquired by Voice Comm, LLC as part of a strategic move to enhance their offerings. The firm is based in the US, and Sandip Mukerjee serves as the CEO.
The company specializes in a comprehensive range of wireless communication products, including antennas, broadband radios, cable products, and power systems. Their core offerings are designed to facilitate seamless connectivity and signal enhancement across various applications. For instance, their antennas encompass in-building, microwave, mobile, and outdoor base station types, catering to both public and private sector needs. Additionally, their broadband radios and accessories support high-speed data transmission in challenging environments, while their cable products ensure reliable connections critical for communications infrastructure.
The company serves a diverse clientele ranging from federal government agencies to private enterprises in sectors such as oil and gas, public safety, and utilities, with products available in North America, Europe, and Asia. The company generates revenue primarily through direct sales of its products to businesses and government agencies, reflecting a B2B transaction structure. Their sales model includes partnerships with value-added resellers and distributors, enabling them to reach a broader market. Transactions typically involve bulk orders, allowing clients to procure equipment efficiently for ongoing projects or infrastructure upgrades.
Specific pricing plans for product categories, including flagship items such as integrated Wi-Fi systems and two-way radios, are structured to accommodate both small-scale and large-scale customers. The company’s operational framework ensures a steady revenue stream through consistent demand for their technology in rapidly evolving sectors such as 5G cellular infrastructure and Internet of Things (IoT) applications. In alignment with its growth strategy, the company aims to introduce new innovative wireless communication products in the upcoming year. Additionally, there are plans to expand into European markets by the end of 2022.
The acquisition by Voice Comm, LLC in October 2020 will support these initiatives, although specific financial terms were not disclosed.
Current Investors
Voice Comm, LLC
Primary Industry
Retail
Sub Industries
Retail
Website
www.tessco.com/retail/overview
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Assets of Tessco's Retail Division - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Assets of Tessco's Retail Division | - |
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