Combination of Garrison Investment Group & Blue Casa Telephone Along With the Existing TNCI Operations Will Create a Robust Network Platform Capable of Growth and Future Acquisitions
SANTA BARBARA, CA--(Marketwired - Jun 26, 2013) -TNCI Operating Company LLC, an entity formed by Garrison Investment Group ("Garrison") and Blue Casa Telephone, acquired the assets of national telecommunications provider Trans National Communications International ("TNCI" or "The Company"). The acquisition is fully backed by Garrison,and the management team of Blue Casa Telephone will assure that the acquisition is successful and a positive experience for TNCI customers. With the acquisition, Blue Casa Telephone will operate the new sister company called TNCI, ensuring that the existing TNCI brand and team remains intact, and all points of contacts for customers and email domains will stay the same. TNCI Operating Company LLC closed the acquisition on April 30, 2013.
"Blue Casa Telephone and Garrison Investment Group are committed to TNCI's unique business model and the service it provides; the Company will make subtle changes to ensure that customer satisfaction is the number one focus," states Jeff Compton, CEO and President of Blue Casa Telephone. "Our new shareholding structure strengthens TNCI's ability to further invest in the latest network services technologies, and continue to meet the challenges set by the relentless evolution of the communications industry."
Additionally, notes Compton: "Furthermore, our financial strength and clean balance sheet position us very well for future acquisitions."
"We are excited about the acquisition of TNCI's assets and our partnership with Blue Casa Telephone. We expect a seamless transition for TNCI's customers and look forward to driving growth of the platform," added David Thompson, Jr., Director at Garrison Investment Group.
Backbone Capital Advisors LLC served as advisor for Blue Casa Telephone in the transaction, and was responsible for bringing Blue Casa and Garrison together in this successful transaction. Britt Terrell, Managing Director of Backbone commented, "This was a challenging financing transaction on the surface, but with a professional operator in Jeff Compton and his partner, Howard Brand, of Blue Casa Telephone, and a quality investor in Garrison who was able to see the strength of the combination of the two businesses, there was a smart and successful investment to be made."
Backbone Capital Advisors, LLC is a full-service professional financing arranger, providing both traditional and non-traditional capital sourcing, with complete execution, for middle market businesses that require debt financing and other capital solutions. To learn more about Backbone Capital, go to www.backbonecap.com.
TNCI is a leading national telecommunications provider delivering an unmatched balance of industry experience and stability. Now more than ever, TNCI's proven ability to help its customers navigate a shifting and often times chaotic market presents unique opportunities for its customers to compete and win. TNCI's premier solutions include business VoIP, local phone services in 48 states, long distance, MPLS, Dedicated Internet Access, and more. As a single source for quality voice and data services, TNCI offers its customers unique opportunities for success. With its carefully orchestrated range of services and our committed team, TNCI helps to eliminate the obstacles organizations might face working with other communications providers.
For more information about TNCI, please visit www.tncii.com.
About Garrison Investment Group
Investment Group is an alternative investment and asset management firm founded in March 2007 and headquartered in New York. Garrison has approximately $3.1 billion of committed and invested capital under management, a team of 62 employees, including 34 investment professionals with investments across corporate finance, real estate finance and structured finance.
To learn more about Garrison Investment Group, go to www.garrisoninv.com.
Jaymie Scotto & Associates