Mission Communications LLC (“Mission”) has been sold to TASI Group (“TASI”). Based in Norcross, Georgia, Mission is the leader in SaaS-based monitoring and remote control solutions for water and wastewater infrastructure, and a pioneer in cellular data communication technology. The Company combines standardized field hardware, national cellular data networks, centralized servers, a secure and robust back-end and user-friendly web-based applications in one easy-to-deploy solution. Mission has a massive, multi-pronged growth runway, extraordinarily high customer retention metrics, and a rapidly growing financial profile backed by a strong recurring revenue model.
TASI Group (“TASI”) is a globally-diversified company comprised of four strategic business segments that provide flow meter and flow control products as well as advanced test, measurement, inspection and assembly solutions that improve manufacturing processes and deliver value-added results. TASI is owned by Berwind Corporation, a family-owned US-based investment management company.
The financial terms of the transaction were not disclosed.
EC M&A acted as exclusive financial advisor to Mission Communications on this transaction.