FORT LAUDERDALE, FL / ACCESS Newswire / April 8, 2025 / Seaport Capital ("Seaport"), a New York-based private equity firm, has made a growth equity investment in FMC GlobalSat ("FMC"), a Starlink Authorized Reseller and leading provider of wireless connectivity solutions worldwide.

Founded in 2017 and headquartered in Fort Lauderdale, Florida, FMC has pioneered the delivery of converged connectivity solutions on a global scale by partnering with major wireless carriers and satellite communications providers including Starlink's Low Earth Orbit satellite network. FMC incorporates 5G wireless solutions across CDMA, GSM, and LTE networks, as well as Starlink LEO satellite and GEO high-throughput satellite communications and does so based on its customers' connectivity needs.

In April of 2024, FMC acquired the Maritime, Energy, & Government (MEG) division from Anuvu, a leading provider of worldwide entertainment solutions for mobility markets and high-speed inflight connectivity. Seaport's investment positions FMC for further growth through expansion and consolidation. The company is now well positioned for investments in strategic acquisition opportunities.

Emmanuel Cotrel, Chief Executive Officer of FMC, said, "We are excited to partner with Seaport Capital to further accelerate FMC's triple digit annual growth since inception. Seaport's history of investing in the telecommunications space and working alongside companies like ours gives us great confidence in their partnership and in their ability to help us consolidate the market as we see fit."

Scott McCormack, Partner at Seaport Capital said, "We have spent significant time with Emmanuel and his team and are incredibly impressed with their experience in the sector and proven ability to scale the business. This investment aligns well with our experience of investing in companies that offer mission critical services in the telecommunications space that have recurring revenue, strong organic growth, and operate in growing markets."

About FMC GlobalSat & MTN

Founded in 2017 and headquartered in Fort Lauderdale Florida - USA, FMC GlobalSat, and it's wholly owned subsidiaries Santander Teleport, MTN, MTN Brazil, MTN Norway and MTN Government Solution is a Starlink Authorized Reseller and a global provider of best-in-class satellite and wireless solutions to businesses that require reliable, secure, and cost-effective Broadband and M2M connectivity solutions.

FMC GlobalSat has pioneered the delivery of converged connectivity solutions on a global scale, by partnering with major wireless carriers and satellite communications providers that incorporates 5G wireless solutions across CDMA, GSM, and LTE networks and high- throughput satellite (HTS) communications and now Low Earth Orbit (LEO) satellite network. Our networks incorporate Tier 1 carriers, and satellite infrastructure, 24/7 enterprise-grade global technical support organization which enable us to provide SD-Wan, direct VPN, MPLS, SCPC and other network tunnels while optimizing data traffic routes. For more information about FMC and MTN, please visit www.fmcglobalsat.com or www.mtnsat.com

About Seaport Capital

Founded in 1997, Seaport Capital is a lower middle-market buyout firm that invests in communication infrastructure and services, business and information services, and media companies (the "Focus Sectors"). Seaport typically invests $10 to $40 million of equity capital in companies generating EBITDA between $3 and $15 million. Seaport's substantial industry expertise and investing experience enable it to develop successful strategies in partnership with management teams; its relationships and professionals help achieve them. Nearly all of Seaport's platform investments have been owned by founders or entrepreneurs seeking a collaborative institutional partner to provide the financial and operational resources to grow their businesses and execute a successful strategic plan. For more information, visit https://www.seaportcapital.com.

Contact

Contact for FMC GlobalSat: Than Tran: than.tran@mtnsat.com, (650) 787-9434

Contact for Seaport Capital: Kathleen Holohan: kholohan@seaportcapital.com, 212-847-8915

SOURCE: MTN Sat