Transaction
SunTel Services, Inc. has been acquired by CBTS, a wholly-owned subsidiary of Cincinnati Bell (NYSE:CBB). SunTel is a leading provider of network security, data connectivity, and unified communication solutions.
The acquisition expands CBTS’ presence in the Midwest, building on its existing sales offices in Cleveland, Columbus, Indianapolis and Louisville. SunTel’s co-founders Gary Jackson and Don Jackson will continue to lead the organization and also spearhead CBTS’ expansion in the Michigan market.
“SunTel Services has created a strong business through its focus on providing effective solutions and building long-term relationships with customers,” said Scott Seger, Senior Vice President and General Manager for CBTS. “We believe CBTS’ set of solutions and services will benefit SunTel Services’ existing customer base, and SunTel will help grow our footprint throughout the Midwest.”
“We are excited to be part of the CBTS family and to leverage its expanded set of capabilities,” said Gary Jackson, SunTel’s co-founder. “CBTS is a market leading IT solutions and services provider and shares our customer-focused vision of building trust through execution and delivering value.”
Quarton International served as the exclusive financial advisor to SunTel Services in connection with the transaction.
Client
SunTel Services (www.suntel.com), headquartered in Troy, Michigan, with satellite offices in Traverse City, Flint, Grand Rapids and Detroit, has provided unified communication services since 1986. With more than 1,000 customers and over 2,500 installations, SunTel provides complete life-cycle services for voice, data, security and unified networks to companies in all major sectors of industry, including Healthcare, Manufacturing, Financial, Education and Government.
Buyer
CBTS (www.cbts.net) combines the data networking capabilities of Cincinnati Bell with next-generation managed services that provide companies with flexible solutions for end-to-end IT deployment. CBTS serves enterprise customers across the world and has established a competitive advantage through its unique Hybrid IT Services model. CBTS has expertise both as a Value Added Reseller (VAR) and as a Managed IT Services Provider. CBTS holds over 1,900 vendor certifications spread over 35 separate IT vendors, and offers multiple solutions and services.
Cincinnati Bell (NYSE:CBB) (www.cincinnatibell.com) provides integrated communications solutions – including local and long distance voice, data, high-speed Internet and video – that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, enterprise customers across the United States rely on CBTS, a wholly-owned subsidiary, for efficient, scalable office communications systems and end-to-end IT solutions.
Contact
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