Crestone Services Group LLC, a Denver-based communications and utility services company, has acquired Specialized Communication Services LLC (SCS), based in Hurricane. Founded in 2004, SCS provides design, engineering, construction and maintenance services to wireless carriers, phone and Internet service providers and state departments of transportation in Utah and Nevada. The company will continue to operate as Specialized Communication Services and be led by the company’s founder, Tony Certonio.
“We are excited to join Crestone and see this as a terrific partnership,” said Certonio. “Crestone allows us to continue serving our longtime customers while gaining access to additional resources to support our future growth.”
“Along with this being a terrific standalone business, SCS furthers our strategy of assembling concentrated assets in what we believe are the most attractive markets in the country. Crestone’s density of resources centered in Phoenix, Las Vegas, Salt Lake City and Denver, produces synergies that a scattered footprint would prohibit. This is one of our value-creating differentiators,” said Rick Barrett, CEO of Crestone.
Crestone was founded in 2015 to develop a utility services company pursuing strategic acquisitions in the communications, power and gas utility markets. To date, the company has completed 11 acquisitions of businesses supporting communications carriers and public utility owners. Crestone is a joint investment between Diamond State Ventures, Banyan Investment Partners, Asydan Capital Management, Post Road Group and ORIX Corp. USA's Special Opportunities Group. Crestone is led by former Blackeagle Energy Services CEO Rick Barrett.
