Recent Telecommunications Acquisitions in Minnesota
Acquisition Volume in Telecommunications in Minnesota by Year
Last 5 years
Minnesota telecommunications acquisitions spanning 2019 through 2025 show a mix of infrastructure buildouts and solution-layer expansion—ranging from fiber-to-the-home to fixed wireless, IPTV software, and telecom agency or integration services.
Across the transactions, several recurring buyers and capital partners appear, including Metronet, EarthLink, Beacon Communications LLC, and Airgain, Inc. Deal narratives frequently focus on expanding coverage, adding network or customer footprint, or bringing new product and services capabilities into existing platforms.
The Minnesota activity also highlights a broader communications ecosystem: value-added distribution and integration for wireless and IoT connectivity, plus device and sensor-to-cloud offerings for long-range monitoring and asset tracking—often anchored by Minnetonka, Plymouth, or other metro-based targets.
What Stands Out
- Metronet and EarthLink both use acquisitions to expand their connectivity footprint—fiber-focused in Minnesota and fixed wireless/business internet in the Midwest.
- Beacon Communications LLC is expanding beyond traditional communications by acquiring All State Communications, described as advanced communications and security solutions serving healthcare, government, education, and commercial sectors.
- IoT and edge connectivity show up repeatedly, including Airgain, Inc. (acquiring NimbeLink Corp. for edge cellular modems and asset tracking) and wireless sensor/communications device integration via Multi-Tech Systems, Inc. and related deals.
- A separate thread is telecom enablement and services: UPSTACK acquiring the telecom agency services division of CA Communications; and Affinitech Inc. acquiring National Communications Services Inc. (NCSI) to broaden nationwide security and installation delivery.
- Many deal summaries note expanded capabilities and integration under an existing brand or platform; several terms were not disclosed.
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September 2, 2025
- Buyer
- Metronet
- Target
- US Internet
- Seller
- Everside Capital Partners, US Internet shareholders (including founders Travis Carter and Kurt Lange)
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
Metronet has acquired US Internet (USI), a Minnetonka-based pure-play fiber provider whose network reaches more than 140,000 homes and businesses in the greater Minneapolis area. Terms were not disclosed; the deal follows Metronet’s recent acquisition by a T‑Mobile and KKR joint venture and results in an exit for investor Everside Capital Partners.
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- Buyer
- Beacon Communications LLC
- Target
- All State Communications
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
Beacon Communications LLC has acquired All State Communications, a Minnesota-based provider of advanced communications and security solutions, strengthening Beacon's presence across the Upper Midwest. The deal expands Beacon's service footprint and capabilities in healthcare, government, education, and commercial sectors as part of its continued U.S. expansion.
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October 1, 2024
- Buyer
- EarthLink
- Target
- Nextera Communications
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
EarthLink has acquired Nextera Communications, a Minnesota-based provider of fixed wireless, voice, and data solutions, to expand its business internet and fixed wireless footprint in the Midwest. The deal brings Nextera's employees, services, and customers into EarthLink Business and is effective immediately; financial terms were not disclosed.
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February 29, 2024
- Buyer
- UPSTACK
- Target
- CA Communications (telecom agency services division)
- Seller
- CA Communications Inc.
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
UPSTACK has acquired the telecom agency services division of CA Communications Inc.; financial terms were not disclosed. The CA agency business will operate under the UPSTACK brand with key CA personnel (including founder and CEO Marc Agar) joining UPSTACK as partners while CA maintains its technology resale and managed services lines.
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November 9, 2022
- Buyer
- Alliance Corporation, Lee Equity Partners, Twin Point Capital
- Target
- GetWireless, LLC
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
Alliance Corporation announced a merger with GetWireless, LLC to expand its value‑added distribution footprint for wireless telecommunications and IoT connectivity solutions across the U.S. and Canada. Funds managed by Lee Equity Partners and Twin Point Capital have invested in Alliance; financial terms were not disclosed.
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June 8, 2021
- Buyer
- Multi-Tech Systems, Inc., Northlane Capital Partners
- Target
- Radio Bridge Inc.
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Addon
Multi-Tech Systems, a portfolio company of Northlane Capital Partners, acquired Radio Bridge, a Minnesota-based designer and manufacturer of long-range LoRaWAN wireless sensors. The add-on expands MultiTech's sensor-to-cloud portfolio, enabling tighter integration between sensors and MultiTech's gateways, device management and connectivity solutions.
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February 22, 2021
- Buyer
- Everside Capital Partners, Lake Country Capital, Institutional limited partners of Everside (unnamed)
- Target
- US Internet Corp (USI)
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Growth capital
Everside Capital Partners, together with Lake Country Capital and a group of institutional limited partners, provided an additional growth investment in US Internet Corp (USI) to support the company’s continued expansion of fiber-to-the-home and related hosting services. The founder-led management team will remain in place and retain majority ownership as the capital supports accelerated deployment across Minneapolis and adjacent Minnesota markets.
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January 7, 2021
- Buyer
- Airgain, Inc.
- Target
- NimbeLink Corp.
- Seller
- NimbeLink equityholders, First Analysis (investor)
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
Airgain, Inc. (NASDAQ: AIRG) acquired privately-held NimbeLink Corp., a Plymouth, Minnesota-based provider of edge cellular modems and asset-tracking solutions, in a cash transaction signed and closed January 7, 2021. The deal included approximately $15.0 million upfront and up to $8.0 million in additional cash contingent on 2021 revenue targets; NimbeLink reported preliminary 2020 revenue of $12.5 million.
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- Buyer
- SmartWave Technologies, Northlane Capital Partners
- Target
- Multi‑Tech Systems, Inc.
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Addon
SmartWave Technologies, a portfolio company of Northlane Capital Partners, has acquired Multi‑Tech Systems, Inc., a global supplier of industrial communications devices and services. The deal combines SmartWave's short‑range wireless and sensor expertise with MultiTech's long‑range wireless (LoRaWAN, LTE) product portfolio to create an integrated, end‑to‑end IoT solutions provider operating under the MultiTech brand.
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September 10, 2020
- Buyer
- Affinitech Inc.
- Target
- National Communications Services Inc.
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
Affinitech Inc., a national integrator of audio, visual and security technologies, has acquired long-time cabling and installation provider National Communications Services Inc. (NCSI). The deal preserves NCSI’s leadership, name and operations while combining Affinitech’s technical product expertise and human capital with NCSI’s nationwide dispatch network to expand service capabilities across healthcare, fitness, retail and multi-site customers.
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July 1, 2020
- Buyer
- MetroNet, MetroNet Holdings, LLC
- Target
- Jaguar Communications
- Seller
- Jim Ward (Owner of Jaguar Communications)
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
MetroNet (MetroNet Holdings, LLC) has acquired Owatonna, Minnesota-based Jaguar Communications, integrating the regional fiber-optic provider into its 100% fiber network to expand ultra-high-speed internet, phone and IPTV services across southern Minnesota. MetroNet expects to invest an additional $150 million or more to grow the Minnesota market; terms were not disclosed and the companies will fully integrate under the MetroNet brand.
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June 2, 2020
- Buyer
- Pavlov Media
- Target
- Singularity
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
Pavlov Media, a provider of broadband, voice and TV services for student housing and multi-family properties, has acquired Bloomington-based IPTV software provider Singularity. The acquisition gives Pavlov an IPTV/middleware platform to enhance content delivery and streaming experiences for its multi-family and residential customers.
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- Buyer
- Communications Systems, Inc.
- Target
- Ecessa Corporation
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
Communications Systems, Inc. (NASDAQ: JCS) completed the acquisition of Ecessa Corporation, a privately-held SD-WAN solutions provider based in Plymouth, Minnesota. The deal brings Ecessa’s software-defined WAN products and installed base into CSI’s IoT intelligent edge and networking offerings to expand capabilities, sales channels and recurring revenue opportunities.
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April 1, 2019
- Buyer
- QualTek
- Target
- Vertical Limit LLC
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Addon
QualTek has acquired Vertical Limit LLC to expand its Midwest presence and capabilities in wireless infrastructure services. The acquisition brings Vertical Limit's Midwest footprint and experienced team into QualTek's national turnkey telecommunications and power services platform.
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January 8, 2019
- Buyer
- RouteTrust, Inc.
- Target
- RTX Solutions, LLC
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Type
- Buyout
RouteTrust, an Austin-based telecommunications software provider, acquired RTX Solutions, LLC in January 2019. The deal (terms undisclosed) is intended to expand RouteTrust’s product offerings and accelerate capabilities in cloud-based telecom routing, switching and management solutions.
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Frequently Asked Questions
Which types of telecommunications acquisitions are showing up in Minnesota?
Common themes include fiber and fixed wireless expansion, IPTV or middleware/platform additions, telecom integration and agency services, and IoT/edge connectivity devices like cellular modems and long-range wireless sensors.
Are fiber providers active in Minnesota telecom M&A?
Yes. For example, Metronet acquired US Internet (USI), a Minnetonka-based pure-play fiber provider serving the greater Minneapolis area, and MetroNet acquired Jaguar Communications, integrating a regional fiber-optic provider into its 100% fiber network.
Do the deals include security and communications integration?
They do. Beacon Communications LLC acquired All State Communications (advanced communications and security solutions), and Affinitech Inc. acquired National Communications Services Inc. (NCSI) to expand capabilities across multi-site customers including healthcare and retail.
What role do IoT and edge connectivity play in these Minnesota transactions?
Several deals involve wireless and IoT offerings. Airgain, Inc. acquired NimbeLink Corp. for edge cellular modems and asset-tracking solutions, and transactions around Multi-Tech Systems, Inc. connect sensor-to-cloud and long-range wireless (e.g., LoRaWAN) capabilities.