Lutz M&A announced that it served as the exclusive financial advisor to eX² Technology (eX²) in connection with its recent recapitalization by Columbia Capital (Columbia). Columbia is a private equity group based in Virginia that focuses on communication technology businesses.

Founded in 2015 by a team of seasoned communications and critical infrastructure professionals, eX² designs, constructs, maintains, and commercializes some of the largest and most complex communication and critical infrastructure project in the United States. Based on their experiences, the eX² founders recognized a noticeable industry gap in genuine partnerships between those in need of better broadband services and the fiber optic design-build industry. After assembling a team of innovative, experienced, and knowledgeable experts, our founders formed eX² Technology with a mission to transform the way the industry does business, and in just three short years, eX² has increased its workforce five times over, completed work in 24 states and added more than 100 projects to its diverse portfolio.

On working with Lutz M&A, eX²’s President Jim Kawamoto observed, “We had a bit of a unique situation transitioning from our original equity partner. Bill and his team were integral in finding a solution that worked for everyone.”

Commenting on the transaction for Lutz M&A, Bill Kenedy said, “eX² is a solid company with a high-quality management team. We believe the combination of eX² and Columbia will produce great results for their customers.”