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Warren Equity Announces Acquisition of ADB Companies and Add-On of ETAK Systems
April 26, 2021 GMT
SAINT LOUIS--(BUSINESS WIRE)--Apr 26, 2021--
Warren Equity Partners (“Warren Equity”), a lower middle market private equity firm, is pleased to announce the acquisition of ADB Companies, LLC, and its affiliates (“ADB” or the “Company”) from the Keeley Companies. ADB, based in St. Louis, Missouri, is a leading turnkey provider of telecommunication and utility infrastructure solutions in the United States. Rusty Keeley, CEO of the Keeley Companies, and Chad Johnson, CEO of ADB, will maintain significant equity stakes in the Company. Mr. Keeley and Mr. Johnson will continue as members of the Company’s Board of Directors, and Mr. Johnson will remain CEO of the Company. Financial terms of the transaction were not disclosed.