Marlborough, MA – Communication Technology Services (CTS), a U.S. 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. 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.
CTS Chief Executive Officer John Tegan III said, “The mobility industry is shifting, and cellular coverage within buildings and large facilities is becoming mission-critical. This investment from Astra allows CTS to continue to scale and strengthens our leadership position in the mobility marketplace. This will better enable us to assist our customers in navigating these ever-changing and evolving technological advances, while also accelerating the development of new service offerings related to the emergence of private wireless networks.”
Astra Co-Founder and Managing Partner, Mark Johnson, noted, “This partnership makes superb strategic sense and will help CTS achieve the next level of innovation and growth. We are proud to back John and his team as the company becomes an even stronger vendor, partner and customer.”