Cleveland, Ohio, August 18, 2014 – Resilience Capital Partners, a Cleveland‐based private equity firm,
has announced the acquisition of Fulton Technologies, a provider of maintenance and aftermarket
services to the wireless industry in the Midwestern United States. Fulton Technologies is Resilience
Capital Partners’ fourth add‐on acquisition by its Aero Communications investment platform, which it
acquired in October 2012. Aero Communications is a leading provider of customer‐focused technology
solutions to broadband and wireless providers, businesses, public venues, government facilities and
residential subscribers.
Steven Rosen, Co‐CEO of Resilience Capital Partners, stated “We are always looking for strategic ways to
enhance the value of Aero for its wireless customers, and the Fulton investment does just that.” Rosen
continued, “From the very early days of the Aero platform we understood the importance of reducing
risk for our customers and being a world‐class service provider; after four add‐on investments, we
believe we have accomplished that task and yet continue to seek out interesting owners and operators
in the space who want a partnership with Aero and Resilience.” Michael Cavanaugh, a Partner at
Resilience Capital Partners, added “Fulton is a truly exceptional company that provides high‐quality
niche maintenance and monitoring services to blue‐chip wireless customers throughout the Midwestern
United States.” Cavanaugh continued, “We are very excited to have such a talented group of
professionals join the Aero team, and look forward to leveraging their unique capabilities to further
strengthen and enhance our partnership with customers.”
“Fulton is an excellent provider of wireless tower services, and will enhance our business on multiple
fronts. Our customers have been asking us to increase resources and expand our geographic footprint,
and this acquisition allows us to do both,” said Greg McCray, CEO of Aero Communications. “Fulton also
enables us to deepen our relationships with municipalities. We’re enthusiastic about what this means
for our customers.”
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners invests in niche‐oriented manufacturing,
distribution and business service companies located in the Midwestern and Mid‐Atlantic United States
with sustainable market positions and a clear path to cash flow improvement. Resilience Capital targets
platform businesses with $25 million to $250 million in revenues across a broad range of industries
where it can improve a company’s operations, competitive positioning and profitability. Since its
founding in 2001, Resilience Capital has invested in 39 companies under 22 platforms. Its portfolio
companies today employ more than 5,000 people in 14 states and collectively represent over $2 billion
in revenues. Resilience Capital manages in excess of $320 million for its global investor base which
includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth
managers and investment consultants. For more information, please visit www.resiliencecapital.com.
About Aero Communications
Headquartered in Canton, Michigan, Aero Communications employs approximately 1,600 technicians,
engineers, customer service and related support personnel in field offices throughout the United States.
Aero Communications’ scope of services includes end‐to‐end system design and engineering,
construction, wiring, installation, maintenance and repair solutions, serving leading telecommunications
and cable service providers throughout the United States. For more information, please visit
www.aerocommunications.com.
About Fulton Technologies
Headquartered in Roselle, Illinois, Fulton Technologies performs construction, repair, and maintenance
of cell site and tower facilities for leading wireless carriers and related service partners. Fulton also
provides site studies, radio frequency interference testing, inventory management, and other support
services. Operating in Illinois, Wisconsin, Indiana, Michigan, Iowa, and South Dakota, Fulton also
supplies civil alert systems and services to numerous municipalities and utility companies.
Contact Information
Steven Rosen Resilience Capital Partners (216) 292‐4535
Michael Cavanaugh Resilience Capital Partners (216) 755‐1258