Thayer Power & Communication, a Pataskala-based provider of repair, maintenance and upgrade services for the utility and telecommunications industries, has been acquired by Calera Capital in partnership with management.
Terms were not disclosed.
CEO Tim Luden and the entire Thayer organization continue to grow the business.
Thayer operates in three primary lines of business: electric utility services, fiber placement and other wireline telecommunications services, and small cell site deployment and related wireless services across the Midwest, Northeast and Southeast United States.
The deal marks Calera's eighth investment from its fifth fund, according to PitchBook.
