Communication Technology Services (CTS), a US provider of wireless infrastructure services, has received an equity investment from Astra Partners I, the flagship fund of Astra Capital Management (Astra), a private equity firm that invests in growth businesses in the communications and technology services sectors, the company said.
Terms of the transaction were not released.
Established in 1990 and based in Marlborough, MA, CTS provides a range of critical wireless products and services, including the design, installation and operation of in-building wireless networks and technology. CTS enables mobility for millions of IoT devices, sports fans, travelers, students and workers to access secure wireless networks at thousands of major stadiums, airports, factories, hospitals, high-rises, campuses and enterprises across North America.
Astra Capital is a Washington, DC-based, private equity firm that invests in growth businesses in the communications and technology services sectors. Astra targets highly scalable companies with proven business models that have positive free cash flow and significant growth potential. Post investment, Astra works closely with managers to drive value creation through strategic repositioning, revenue growth and operational enhancements.