Source Broadband Services, LLC

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Source Broadband Services, LLC - overview

Established

2007

Location

Roswell, GA, US

Primary Industry

Telecoms

About

Founded in 2007 and based in Roswell, Georgia, Source Broadband Services, LLC specializes in Outside Plant Construction services, focusing on the design and maintenance of fiber and coaxial networks for telecommunications. Source Broadband Services, LLC, established in 2007 in Roswell, Georgia, provides construction services tailored for telecommunications infrastructure. The company has undergone no significant pivots and operates independently without known subsidiaries. Founded by Abdulrahman Ijaabo and Hamza Abusitta, the company has made three deals to date, with the most recent occurring on July 7, 2021.


Abheek Basu, Maysarah Mechaal, and Shanija Rahim currently lead the company. Source Broadband is a premier provider of Outside Plant Construction services focused on the design, construction, and maintenance of fiber and coaxial networks. The company specializes in delivering a comprehensive suite of services that includes aerial, underground, and inside plant construction for telecommunications infrastructure. By leveraging technology and proactive project management, Source Broadband addresses clients' evolving connectivity needs, ensuring service delivery in a competitive landscape.


Their diverse client base includes network operators and telecommunication providers across the Eastern United States and parts of the Midwest and South, enhancing network efficiency and reliability for robust internet and communication services. Source Broadband generates revenue primarily through direct contracts with telecommunications companies and network operators, facilitating B2B transactions. The business model involves project-specific agreements encompassing a range of construction and maintenance services for fiber and coax networks. Clients engage Source Broadband based on their needs for reliable infrastructure projects, which can include emergency response services for network failures, ongoing maintenance, and new installations.


The financial structure is typically based on fixed-price contracts, allowing for clear budget expectations. While specific pricing plans are not publicly disclosed, the company’s services align with industry standards, ensuring clients receive competitive rates for high-quality deliverables. In July 2021, Source Broadband was acquired by Modus, LLC, a portfolio company of Bow River Capital and Platform Partners. This acquisition aims to expand Modus, LLC's telecommunications services platform.


The company plans to leverage this acquisition to enhance its service offerings and enter new geographical markets, targeting areas in the Midwest and South, with initiatives expected to roll out within the next few years.


Current Investors

Bow River Capital, Platform Partners, Modus, LLC

Primary Industry

Telecoms

Sub Industries

Telecoms Towers & Infrastructure, Fiber Optics

Website

www.sourcebb.com

Verticals

Infrastructure

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Source Broadband Services, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSource Broadband Services, LLC-
BuyoutCompletedSource Broadband Services, LLC-
Private DebtCompletedSource Broadband Services, LLC-

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