Circet USA Expands Its Engineering Reach with SourceOne Deal
Circet USA Expands Its Capabilities Through Acquisition
Circet USA, a prominent player in network infrastructure services, recently announced its acquisition of SourceOne, a highly regarded utility consultant known for its expertise in Outside Plant engineering and design. This strategic acquisition significantly boosts Circet USA's capacity to provide comprehensive infrastructure solutions across the nation.
SourceOne Retains Identity Post-Acquisition
SourceOne will continue to operate under its established name, now recognized as SourceOne, a Circet USA company. The transition has been designed to ensure continuity for both clients and employees, with its leadership and commitment to quality service remaining unchanged.
Leadership Statements on the Acquisition
Trevor Putrah, CEO of Circet USA, expressed enthusiasm regarding the acquisition, stating, "We are thrilled to welcome the SourceOne team into the Circet family. The combination of SourceOne's robust engineering expertise with our expanding Outside Plant construction business strategically positions us to capitalize on the ongoing investment surge in fiber infrastructure across the country."
Enhancing Service Offerings through Collaboration
This acquisition unites SourceOne's engineering proficiency with Circet USA's extensive national reach and infrastructure capabilities. The merger is expected to enhance services amid growing demand for broadband expansion and utility modernization, providing clients with integrated and cost-effective solutions.
SourceOne's Commitment to Excellence
BeeJee McGinty, CEO of SourceOne, shared his excitement about joining Circet USA, stating, "We are eager to start this integration process. By leveraging our collective strengths, we are confident that this partnership will open new doors for our team and enhance the value we deliver to our customers—without compromising the core ethics and values that have defined SourceOne."
Immediate Steps Post-Acquisition
Following the acquisition, the SourceOne team will collaborate with Circet USA's integration team to align best practices and uphold the values that have been crucial to their success. The acquisition was officially finalized at the end of July.
About Circet USA
Circet USA, part of the Circet family, stands out as a leading provider of communications network services, gaining trust from customers engaged in building, owning, and operating high-speed fiber, inside plant, wireless, and cloud networks across North America. With a skilled workforce exceeding 2,000 professionals, Circet USA combines comprehensive solutions with a customer-centric ethos, offering a range of services from design and engineering to installation and maintenance for various technologies.
Circet's Global Presence
Circet operates as a global leader in network infrastructure services, responding to the increasing demands for connectivity. With operations in 12 countries—including major players in Europe and the United States—Circet’s focus extends beyond telecommunications to include energy sectors like power distribution and electric vehicle charging infrastructure. In the last fiscal year, Circet surpassed $4.5 billion in global revenue and continues to employ a workforce of over 17,000 worldwide.
About SourceOne
SourceOne is recognized as a specialized engineering and design firm delivering expert support in telecom and utility infrastructure. Known for its precision and commitment to client relationships, SourceOne provides nationwide services in OSP engineering, permitting, and project management. The merger with Circet USA promises to enhance their capabilities further and broaden their service offerings.
Frequently Asked Questions
What was the strategic purpose behind Circet USA's acquisition of SourceOne?
The acquisition of SourceOne by Circet USA aims to enhance its capabilities in delivering comprehensive infrastructure solutions, particularly in the area of Outside Plant engineering.
Will SourceOne operate under a new name after the acquisition?
No, SourceOne will continue to operate under its established name, now branded as SourceOne, a Circet USA company.
How does this acquisition benefit existing customers?
The merger allows Circet USA to provide integrated and cost-effective solutions to meet the growing demand for broadband expansion and modernization in utility infrastructure.
What is Circet USA's mission as a company?
Circet USA aims to provide high-quality communication network services, fostering a customer-first culture while offering a range of end-to-end solutions in various sectors.
How many employees does Circet USA have?
Circet USA boasts a skilled team of over 2,000 professionals dedicated to delivering exceptional service and solutions to their clients.
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