Generational Equity Announces Sale of One Source Communications to Search Fund Accelerator
DALLAS, March 7, 2017 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, One Source Communications, to OSC Midco LLC with capital and support from Search Fund Accelerator. The acquisition closed October 29, 2016. Details were not disclosed.
Based in Greenville, North Carolina, One Source Communications provides total communications management and IT service solutions and specializes in telecommunications expense management for small and medium-sized companies. Started in 1996 to serve businesses by offering cost-saving long distance solutions, One Source Communications' primary business involves invoice auditing, contract and device inventory management, bill payment, and help desk services. The company also offers managed IT and virtual CTO services.
OSC Midco was created for the acquisition by Search Fund Accelerator, based in Boston, Massachusetts. Search Fund Acceleator (SFA) is a specialty investment firm with a fund of committed capital and an in-house bench of entrepreneurs who want to dedicate themselves full-time to operating the companies SFA acquires.
Tim Meng, one of SFA's in-house entrepreneurs, is One Source Communications' new CEO, and he devotes 100 percent of his time to further the growth and development of the company. Meng has worked for The Boston Consulting Group and ZS Associates, where he advised pharmaceutical and medical technology companies on sales and marketing operations.
Generational Equity Managing Director Don Sawyer and Vice President Rebecca Gruman successfully led the deal to a close.
"The team from One Source Communications and OSC Midco both saw the benefits of joining forces quickly and everyone worked diligently to complete the acquisition," said Gruman.
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit http://www.genequityco.com and http://www.gecpress.com.
For more information:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/generational-equity-announces-sale-of-one-source-communications-to-search-fund-accelerator-300418808.html
SOURCE Generational Equity
[ Back To TMCnet.com's Homepage ]