Motive Companies Announces Acquisition of GXC

Long-time Investor Will Purchase Private Cellular Provider to Strengthen Its Portfolio and Satisfy Escalating Demand for Private 5G Connectivity

FOUNTAIN VALLEY, Calif., November 7, 2024 — Motive Companies (www.motivecompanies.com), a leading provider of renewable energy and infrastructure solutions for industrial and commercial applications, announced it has reached an agreement to acquire GXC (www.gxc.io), a highly-respected provider of private cellular network solutions for enterprises. Through this transaction, Motive will provide GXC with substantial resources to expand its customer base and deliver advanced 5G network services to a broad range of industrial customers. Terms of the acquisition were not disclosed.

“”Many of us on the leadership team, myself included, have been personally invested in GXC since its early days, witnessing firsthand its growth and innovation,” said Bob Istwan, CEO of Motive Companies. “Their solutions align naturally with ours, enhancing the services we provide to our customers. This acquisition strengthens our ability to meet the evolving demands of industries like material handling and logistics, offering a dependable, efficient private 5G platform that supports advanced business applications.”

Austin-based GXC is a recognized leader in private 5G networks for enterprise applications. Its patented solutions enable businesses to expand coverage, enhance resiliency and security, and lower network operating costs. The Onyx platform features proprietary interference cancellation technology, delivering the market’s only full cellular mesh solution. GXC supports a wide range of industries, including logistics, warehousing, agriculture, manufacturing, and smart cities. For large-scale warehouses, GXC’s private LTE/5G solutions provide the scalability and reliability needed to power advanced automation and seamless connectivity. In 2024, TeckNexus recognized GXC with two awards for networking excellence.

The GXC acquisition gives Motive a platform to rapidly expand into new markets that can use 5G infrastructure to meet the demand for automation and Industry 4.0 solutions. GXC’s 5G technology is proven to support these requirements from the standpoint of reliability and performance, network security, flexibility, and cost efficiency.

“GXC has worked closely with the Motive team for several years, and we know firsthand that the company is unmatched in terms of market expertise and product portfolio,” said Allen Proithis, GXC’s Chief Executive Officer. “This acquisition makes perfect sense for our customers, partners, employees, and investors. We are deeply gratified that Motive has elected to purchase our company and support our mission to emerge as the leading provider of reliable, secure and cost-effective private 5G services for the industrial sector.”

About Motive Companies, LLC

Motive Companies is a leading provider of renewable energy and infrastructure solutions for industrial and commercial applications. Our comprehensive portfolio includes energy storage & management, solar photovoltaic, lithium-ion batteries, electric vehicle & forklift charging, energy credits, as well as wireless, broadband & 5G. From design, construction, maintenance, and installation, we provide true end-to-end services that support all energy, battery, charging and telecommunication needs. With offices across North America and a workforce of 1,100 professionals, we have the geographical reach, scalability, and financial stability to meet customers’ changing needs. At our core, Motive Companies develops renewable energy and infrastructure solutions to create a more sustainable society.

https://motivecompanies.com/


About GXC

Founded in 2016, GXC is an Austin, Texas-based company that provides groundbreaking private cellular network solutions for enterprises. Through its turnkey proprietary platform, GXC Onyx, the company delivers comprehensive connectivity both indoors and out, enabling highly secure, resilient, and scalable coverage that supports critical business operations in manufacturing, logistics, transportation, agriculture, and other commercial venues. GXC is the only provider to offer private cellular mesh technology, building this capability based on years of advanced research. The company partners with leading technology providers and systems integrators to ensure that each system is professionally deployed and meets the expectations of sophisticated enterprises.

Follow us on LinkedIn and X and contact us here for inquiries.

Motive Infrastructure Unveils New Brand Identity as Part of Motive Companies Rebrand

Motive Infrastructure, a leader in full-service infrastructure solutions for the telecommunications industry, proudly announces its rebrand as part of the broader Motive Companies transformation. This rebrand includes a simplified name, a new logo that aligns with other Motive Companies, such as Motive Energy, and a refreshed website.

Bob Istwan, CEO of Motive Companies, shared his excitement, stating, “Motive Infrastructure plays a vital role in our diverse portfolio, and this rebrand brings all of our business units together under one cohesive identity. Simplifying our brand reflects the unity of our services and enhances how we deliver end-to-end solutions across the infrastructure industry.”

Chris Glade, Executive Vice President of Motive Infrastructure, emphasized the company’s expertise and self-performing capabilities. “From engineering and procurement to construction, we manage every phase of the process in-house. This rebrand not only refreshes our image but also reinforces our dedication to delivering high-quality infrastructure solutions with a self-perform model that ensures superior results for our clients.”

The new branding reflects Motive Infrastructure’s continued commitment to providing innovative and reliable infrastructure solutions while enhancing its digital presence for a more seamless customer experience. The refreshed website will offer insights into Motive Infrastructure’s core offerings and make it easier for customers to access tailored solutions for their unique needs.

Visit Motive Infrastructure’s website at motiveis.com to learn more about its comprehensive solutions and the impact Motive Infrastructure is making across the infrastructure industry.

About Motive Infrastructure:

Motive Infrastructure, a division of Motive Companies, is a full-service, self-performing EPC (Engineering/Procurement/Construction) provider for the wireless and wireline telecommunications industry. With expertise in site acquisition, engineering, project management, construction, and maintenance, Motive Infrastructure delivers end-to-end solutions to clients across the nation.For more information, visit www.motiveis.com.

Bison Capital Partners VI, LP announces investment in the Motive Companies, LLC

Santa Monica, CA (July 31, 2024): Bison Capital Partners VI, LP (“Bison Capital”) has announced an investment in Motive Companies, LLC (“Motive” or the “Company”). Motive, headquartered in Southern California, is a diversified energy transition solutions and industrial services business comprised of multiple business units (subsidiaries) across various market segments. Bison Capital partnered with Bob Istwan, CEO of Motive, to drive the next stage of the Company’s growth.

The Company’s business segments operating in the energy transition solutions and industrial services market segments cover:

  • Comprehensive energy management solutions including engineering, procurement, and construction (“EPC”) services for electric vehicle charging infrastructure, solar panels, sophisticated energy storage solutions, and energy optimization through a proprietary cloud-based energy management software system;
  • Forklift battery and charger distribution and related service; forklift charger and airplane ground support equipment charger manufacturing; and
  • Energy tax credit processing

Separate from the power and energy related businesses, Motive also has: a telecommunications infrastructure solutions business (i.e. building fiber optic networks); and an auto battery distribution unit.

Motive has established a leading position in the forklift battery distribution space and has leveraged its highly entrenched commercial and industrial (“C&I”) customer relationships to expand the portfolio of products and services across its group of companies. The Company’s diversified offering presents an attractive mix of stable, “anchor” business units that provide consistent cash flow and other higher growth business units with strong upside potential. In particular, the energy solutions unit is a differentiated service provider in the space, has had several major project wins with marquee C&I companies representing a massive, contracted backlog, and is well-positioned to capitalize on the rapidly growing energy transition market.

“We are extremely excited that Bison has chosen to partner with us on our rapid expansion. The synergy of this partnership will allow us to accommodate larger projects and compete more effectively in the renewables space.,” said Bob Istwan, CEO of Motive.

“Bison Capital is excited to partner with Motive’s highly talented management team to support the Company’s accelerating growth,” said Doug Trussler and Kurt Pilecki, Managing Partners at Bison Capital.

“Motive’s strong competitive positioning across its various business segments, entrenched position with its marquee C&I customer base, and unwavering focus on innovation have resulted in a differentiated platform poised to take advantage of significant growth opportunities, particularly given continued economic tailwinds towards clean and renewable energy sources.”

ABOUT MOTIVE COMPANIES, LLC

Motive Companies is a leading provider of renewable energy and infrastructure solutions for industrial and commercial applications. Our comprehensive portfolio includes energy storage & management, solar photovoltaic, lithium-ion batteries, electric vehicle & forklift charging, energy credits, as well as wireless, broadband & 5G. From design, construction, maintenance and installation, we provide true end-to-end services that support all energy, battery, charging and telecommunication needs. With offices across North America and a workforce of 1,100 professionals, we have the geographical reach, scalability, and financial stability to meet customers’ changing needs. At our core, Motive Companies develops renewable energy and infrastructure solutions to create a more sustainable society. More information:

https://motivecompanies.com/
https://www.motiveenergy.com/
https://motiveis.com/
https://act-chargers.com/

ABOUT BISON CAPITAL

Bison Capital is a Los Angeles based private equity firm that makes growth capital investments in middle-market companies, public or private, for expansion, acquisitions, and balance sheet recapitalizations. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses.

www.bisoncapital.com

 

Motive Constructs 10G for Oceanside!

Motive Infrastructure is the general contractor for the citywide 10G install in Oceanside!

As a testimate to our experience and expertise as an Underground Fiber contractor, we have been selected by SiFi Networks for the construction of the Oceanside FiberCity project. For Oceanside, becoming a FiberCity means having a reliable, city-wide fiber optic network. This advancement enables Smart City applications, economic growth, and a step towards closing the digital divide among city residents.

“At a press conference this afternoon, officials from SiFi Networks and the City of Oceanside announced the official construction launch of the Oceanside FiberCity¼ project, a revolutionary fiberoptic infrastructure investment that aims to bring a fast, affordable, and reliable all-fiber internet network to homes, businesses, and institutions in the city. City of Oceanside Mayor Esther Sanchez and Marcus Bowman, Community Relations Manager, SiFi Networks explained that the circa $120 million project, which is being funded privately, aims to provide more than 70,000 households, businesses, and institutions with speeds up to 10 Gbps enabled (Gigabits per second)—eliminating buffering and internet slowdowns—among the fastest residential internet speeds available in the United States.”

For the full press release from our partners at SiFi Networks, please follow this link
here.