QualTek USA, LLC acquired Urban Cable Technology Inc. for $12.44 million on October 15, 2021. The overall consideration transferred was $8.436 million of cash and rollover equity valued at $4 million. The purchase price is subject to adjustment based upon Urban Cable exceeding pre-determined EBITDA for the years ending 2021, 2022, 2023, and 2024. With the related transaction Urban Cable Technology Inc joining the team of QualTek USA, LLC.

QualTek USA, LLC completed the acquisition of Urban Cable Technology Inc. on October 15, 2021.