Platinum Equity to sell AmericaTel to Impact Telecom
Feb 26, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
AmericaTel Corporation, a provider of telephone, Internet and communication services, has signed a definitive agreement to be acquired by Impact Telecom, a provider of voice and data communications products and services. Both the companies are based in the US.
Currently, AmericaTel is a portfolio company of Platinum Equity, LLC, a US-based private equity firm.
Concurrently, Impact Telecom has also signed a definitive agreement to acquire Matrix Telecom, Inc.
St. Charles Capital, LLC is acting as financial advisor for the transaction.
The transaction is expected to close in the second quarter of 2013.
Deal Type Private Equity
Deal Status Announced: 2013-02-20
Target (Company) Americatel Corporation
Acquirer (Company) Impact Telecom
The transaction enables Impact Telecom to own and operate a class IV/V VoIP-enabled network forming a mesh of connectivity across major US metropolitan markets.
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