5 Bars Acquired By Neutral Connect Networks

Irvine-based 5 Bars, a distributed antenna systems (DAS) installer and operator, has been acquired by Florida-based Neutral Connect Networks (NCN), the companies announced earlier this month. Financial terms of the buy were not disclosed. The acquisition was announced by Neutral Connect Networks, as part of a $30M funding from M/C Partners. 5 Bars was led by CEO John Clarey, who becomes an investor in NCN as part of the deal; 5 Bars provided its DAS systems in the sports and entertainment market, including installations in large stadiums and casinos.