DALLAS–( BUSINESS WIRE )– Generational Capital Markets , Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Taylor Telecommunications, Inc. to Verità Telecoms Corporation. The deal funded and closed on January 1, 2023.
Taylor Telecommunications (Taylor), located in Mogadore, Ohio, is the telecommunications plus utility infrastructure construction contractor providing a variety of cable specific services to companies. These solutions include the installation of wire, construction of aerial lines and underground cable, splicing and hanging fiber optics, wiring associated with internet service, and equipment installation. With a superb reputation, strong customer relationships, and an experienced management team, Taylor is well-positioned for continued growth.
Plymouth, Michigan-based Verità Telecommunications Corporation (Verità) is a turnkey telecommunications contractor offering an one-stop shop with regard to design plus construction of telecommunications networks. Verità provides tomorrow’s communications infrastructure today.
Verità currently provides single source solutions for telecoms providers such as AT& T, Verizon, Charter, Everstream Solutions, Comcast, T-Mobile and Dish in several other states including Illinois, Michigan, Indiana, Missouri and other areas within Ohio.
With advanced equipment, state-of-the-art technology and a skilled team, Verità is dedicated to becoming a seamless part associated with the success of each project. From design plus engineering in order to wireline and wireless construction, Verità ’s full scope of providers and team are focused on building the future of facilities to support continued access to reliable connectivity, regardless of location.
“More than profitability, it will be about prioritizing the people plus culture of the organization to succeed with carried on progressive growth and development for our group and our clients, ” said Verità’s President, Michael Falsetti associated with the acquisition.
Falsetti added, “What this means in terms of development and advancement for Verità includes Taylor’s 130 employees, trucks, tools and equipment, with additional coverage in Cleveland, Akron, Youngstown, and Columbus. This expansion is usually expected to create a good additional 100 jobs in the Great Lakes Region as well. In addition, the acquisition is expected to be a 70% revenue increase for the Company within 2023. We look forward to welcoming the Taylor swift team to the Verità Family. Together we will serve Kansas, the Great Lakes Region and the Southeast Region with an increased depth of service, expertise and expanded team. ”
“Taylor Telecoms has been connecting our own community regarding 40 years. As we move forward together along with Verità the teams will continue to provide seamless connectivity with extended capabilities across the Excellent Lakes plus Southeast region, ” said Tam Taylor, Founder associated with Taylor.
“Bridging the digital divide is crucial to the particular growth and advancement of our communities in the Great Ponds and Southeast regions. The continued expansion of Verità brings the particular strengths plus expertise associated with longstanding telecommunication companies together to provide a full scope of services in order to the area, ” added Falsetti.
Generational Capital Markets’ Sr. Managing Director Mergers & Acquisitions, Tom Staszak , with the support associated with Vice President M& A, Chris Wolf successfully closed the deal. Senior Controlling Director, Roger Dean established the initial relationship with Taylor swift.
“Tam Taylor was concentrated on selling to a buyer that would provide opportunities for Taylor’s employees while continuing to provide exceptional service towards the Company’s customer. Verità was the perfect choice, ” stated Staszak.
About Generational Capital, LLC
Generational Capital, LLC, is the Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Marketplaces, Inc ., Member FINRA/SIPC. More information can be found at https://www.gencm.com/ .
Generational Capital plus Generational Funds Markets are part of the Generational Group and are affiliated with Generational Equity, LLC , which The particular M& The Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018 , Valuation Firm of the Year in 2020 , North American Investment Bank associated with the 12 months in 2022 as well as Consulting Firm of the Year .
GCM’s most recent awards include The M& A Advisor’s 2020 Information Technology Deal of the Yr ($10MM-$25MM) plus 2020 Private Equity Deal from the Year ($25MM-$50MM) .