On Friday, July 6, 2018 BearCom Agreed to partner with private equity firm, Bertram Capital.
July 6, 2018, Dallas, TX –BearCom Group, Inc. (“BearCom”) announced today that it is partnering with Bertram Capital (“Bertram”). BearCom had previously been part of LKCM Headwater Investments. Founded in 1981, BearCom is a leading value-added integrator and reseller of mission- and business-critical communications solutions, serving more than 20,000 commercial, industrial and government customers across North America. The investment in BearCom represents the fifth platform acquisition completed in Bertram’s recently-closed third fund. Terms of the transaction were not disclosed.
“As we considered potential partners, Bertram Capital really stood out in what they bring to the table”, said BearCom CEO, Mark Kroh. “Extensive telecommunications and technology market expertise, coupled with a shared vision for the opportunities to expand BearCom’s business, made Bertram our preferred choice. We have already begun to engage with the Bertram Labs team, and believe their capabilities will be highly beneficial to our business across multiple functions.”
For Bertram Capital, BearCom represents a portfolio company that squarely aligns with their investment strategy. Jared Ruger, Partner at Bertram commented on the deal, “We have been extremely impressed with the duration and diversity of BearCom’s tenured customer relationships that include airlines, education, manufacturing and petrochemical plants, distribution centers, hotels, public safety agencies, retailers and many other industry segments. We are excited to harness the breadth of BearCom’s resources to deliver value for customers, and expand the market share for longstanding partners like Motorola Solutions, Inc.”
BearCom is well-positioned to serve the evolving communication needs of commercial and industrial customers by delivering a comprehensive offering of sales, service and rental solutions throughout its extensive operating footprint. With more than 50 branch locations across the USA and Canada, BearCom is unique in its ability to serve and support customers on both a local and national level.
BearCom’s senior leadership team, in conjunction with Bertram, will continue to pursue its buy-and-build strategy of acquiring similar businesses with strong technical services capabilities and entrenched customer relationships in complementary geographies across North America. The BearCom team is especially excited by the opportunity to accelerate organic growth and enhance operational efficiency by leveraging Bertram Labs, Bertram’s proprietary in-house digital marketing and software development team.
Mark Kroh, further commented at the conclusion of the transaction, “We would like to recognize the team at LKCM Headwater Investments for their leadership and contributions to our growth over the past four years. We sincerely appreciate their efforts in closing this transaction and making this new partnership possible. We look forward to serving our present and future customers with greater technology depth and more resources than ever.”
BearCom provides a broad line of high-performance wireless voice and data communications products, rentals, services, and complete mobility solutions. Founded in 1981, BearCom is North America’s largest solutions provider and wireless system integrator of push-to-talk communications equipment, serving customers from 50+ branch offices located throughout the U.S. and Canada. BearCom, headquartered in the Dallas, Texas area, employs more than 700 people. BearCom has been designated as a Motorola Solutions Service Elite Specialist. Visit: www.bearcom.com