QualTek Services Inc.

QualTek Services Inc.

QTEKW
QualTek Services Inc.US flagNASDAQ Capital Market
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USD
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4.89MMarket Cap
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

MCPAPIChat
CEO
Christopher Scott Hisey
Full Time Employees
5,340
Sector
Communication Services
Industry
Telecommunications Services
Address
475 Sentry Parkway E Blue Bell PA United States of America 19422
Business
QualTek Services Inc. is a provider of turnkey infrastructure services to the North American 5G wireless, telecommunications, power grid modernization, and renewable energy sectors. The company offers wireless services including site acquisition, full turnkey construction, engineering, project management, installation, network design, maintenance upgrades, real estate, and RF compliance; fiber optic aerial and underground installation, splicing, termination, testing, fulfillment, and fiber-to-the-home activities; Renewables & Recovery Logistics encompassing installation, testing, and maintenance for wind farms, solar farms, transmission projects, and fiber optic grids; continuity, restoration, disaster relief, generator storage, and repair services for renewable energy, commercial, telecommunications, and power utility customers; and electrical contracting, utility construction, and maintenance of overhead and underground distribution systems for municipalities, electric cooperatives, and utilities. Founded in 2012 and headquartered in Blue Bell, Pennsylvania, with operations across the United States through over 80 service locations and approximately 1,947 employees, QualTek targets major telecommunications carriers, utilities, and renewable energy firms. In 2023, the company filed for Chapter 11 bankruptcy in May and emerged in July with a restructured balance sheet, reducing debt by over $300 million and securing new exit financing of $101 million in asset-based lending and $25 million in term loans, transitioning to private ownership by prepetition lenders; subsequently, in 2024, its assets were acquired by Atlas Holdings, rebranding core operations as InfraServices Group and divesting the Wireline fiber and Fulfillment business units to FiOptix.