Generational Equity Advises Centric Telecom in Its Sale to an Industry Acquirer
- Solid earnings lift mood on Wall Street ahead of Apple, Amazon results
- Ford Motor (F) Stock Rallies After Smashing Estimates and Raising Guidance, Reinstated Dividend, Analysts Bulled-up
- Twilio (TWLO) Stock Plummets 12% on Decelerating Sales Growth, Weak Q4 EPS Outlook and COO Departure, Analysts Lower PTs but Remain Optimistic
- Tesla (TSLA) Stock Price Raised at Piper Sandler to $1,300 on Three Insights That are Overlooked
- Comcast (CMCSA) Stock Rallies on Strong Q3 Results, Analyst Expects Shares to Outperform
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
DALLAS--(BUSINESS WIRE)-- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Centric Telecom, Inc. to an industry acquirer.
Centric Telecom (CTI), located in McLean, Virginia, is the premier provider of telecommunications products, services, and solutions. Centric was founded in 2004 and has remained a telecommunications industry leader with a well-known emphasis on providing exceptional customer service and support.
The Company’s broad products and services enable it to meet any communications challenge. From new phone system installation and VoIP to unified messaging to SIP trunks, CTI’s customized solutions and unsurpassed customer service enables commercial enterprises and non-profits to increase their productivity and efficiency through streamlined communications.
Over the course of its 16-year operating history, CTI has developed an outstanding reputation in its marketplace, and is well known for the reliability and quality of its service. The acquisition enabled the acquirer to leverage the Centric’s customer relationships and to capture substantial economic and technology synergies.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Managing Director, M&A, Frank Folz, with the support of Vice President Mergers & Acquisitions, Corey Painter, successfully closed the deal. Executive Managing Director, Randy Kamin established the initial relationship with CTI.
Folz stated, “It was a great privilege representing Centric owner Larry Dressel and working with the high-integrity acquiring team throughout the process.”
Folz added, “There is great satisfaction knowing that Larry and the quality of the Centric organization he has built will generate sustained value for the shareholders of the acquiring entity for years to come.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
Source: Generational Equity
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CAE (CAE) to acquire Sabre's (SABR) AirCentre airline operations portfolio for $392.5 million
- Sharp NEC Display Solutions Introduces MultiSync C750Q and C860Q Large Format Displays
- MBIA Inc. Investor Conference Call to Discuss Third Quarter Financial Results Scheduled for Thursday, November 4 at 8:00 A.M. Eastern Time
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!