Seaport Capital invests in FMC GlobalSat, a leading provider of wireless connectivity solutions, to capitalize on the growing telecommunications market.

Information on the Target

Seaport Capital, a New York-based private equity firm, has announced a significant growth equity investment in FMC GlobalSat, a prominent Starlink Authorized Reseller and a leading provider of wireless connectivity solutions globally. Founded in 2017 and headquartered in Fort Lauderdale, Florida, FMC has been at the forefront of delivering advanced converged connectivity solutions worldwide. The company has established exceptional partnerships with major wireless carriers and satellite communications providers, including the innovative Low Earth Orbit (LEO) satellite network of Starlink.

FMC integrates 5G wireless solutions across various networks including CDMA, GSM, and LTE, alongside satellite communication systems that utilize Starlink LEO and GEO high-throughput satellites. This strategic approach allows FMC to address diverse customer connectivity needs effectively.

Industry Overview

The telecommunications industry in the United States, particularly in the domain of wireless and satellite communications, is experiencing rapid transformation driven by technological advancements and increasing consumer demand for high-speed