Drake Star Acts as Exclusive Financial Advisor to AT&T and Anuvu on the Sale of Wireless Maritime Services to CCP

NEW YORK | MIAMI | October 18th, 2022 – CCP Capital Strategies LLC (“CCP”), a private equity investment firm, today announced that a newly formed CCP affiliate has acquired 100 percent of the stock of Wireless Maritime Services, LLC (“WMS”) from AT&T and Anuvu.

Drake Star acted as exclusive financial advisor to AT&T and Anuvu on the sale of WMS.

WMS provides maritime cellular networks enabling secure, high-performance connectivity at sea. WMS’ existing management team will continue to lead the business, which will now operate as an independent platform. The company was formed in 2005 and is headquartered in Miramar, Florida.

“This transaction is an important milestone for WMS, and we’re excited to partner with CCP to continue to deliver and innovate our best-in-class wireless offerings,” said Pramod Arora, WMS President & CEO. “Our focus will remain on our customers, employees, and partners as we commence this new and exciting phase for WMS.”

“We’ve been close to the WMS story since 2006 when the company pioneered the maritime cellular market and we’re thrilled to partner with this team as the business transitions to be an independent platform,” said CCP Managing Partner David Collier.  “WMS’ market leadership positions it well to address a rapidly expanding opportunity for specialized wireless connectivity solutions.” 

Terms of the transaction were not disclosed.

Drake Star Team: James Turino, Gregory Bedrosian, Lyle Finkler, Michael Bertolino, Aidan Loh

Inquiries

For further inquiries, please contact:

James Turino

Managing Partner | Drake Star

james.turino@drakestar.com  | + 1 917 757 0212

About CCP Capital Strategies

CCP Capital is a private equity investment firm focused on companies operating in specialty communications, aerospace and government services. The firm specializes in working with founder-operators and in executing seamless divestitures to build best-in-class middle market companies.  CCP has offices in Greenwich, CT and Atlanta, GA.

About WMS

WMS is a leading provider of maritime cellular networks, supporting the cruise, ferry, yacht, and shipping industries worldwide. As award-winning technology leaders, WMS enables digital transformation shaping the future of maritime by connecting people, data, and things through an exceptional wireless network experience.  The company is headquartered in Miramar, FL with additional operations in Atlanta, GA.

About Drake Star  

Drake Star is an award-winning global tech investment bank that has completed over 400 transactions since 2003. Drake Star team of over 100 senior professionals across offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Dubai*, and Singapore* focuses on mergers & acquisitions and corporate finance services worldwide in Consumer & Retail Technology, Digital Media, FinTech, Mobility & Sustainability, Software/SaaS, Digital Services, and Industrial Tech sectors.

Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160), which is authorized and regulated by the Financial Conduct Authority. © 2022 Drake Star Partners Limited.

For more information, visit www.drakestar.com.

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