We are pleased to announce the sale of our client, Centric Telecom, Inc., to an industry acquirer.
Centric Telecom (CTI), located in McLean, Virginia, is the premier provider of telecommunications products, services, and solutions. Centric was founded in 2004 and has remained a telecommunications industry leader with a well-known emphasis on providing exceptional customer service and support.
The company’s broad products and services enable it to meet any communications challenge. From new phone system installation and VoIP to unified messaging to SIP trunks, CTI’s customized solutions and unsurpassed customer service enable commercial enterprises and non-profits to increase their productivity and efficiency through streamlined communications.
Over the course of its 16-year operating history, CTI has developed an outstanding reputation in its marketplace, and is well known for the reliability and quality of its service. The acquisition enabled the acquirer to leverage Centric’s customer relationships and to capture substantial economic and technology synergies.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, M&A, Frank Folz, with the support of Vice President Mergers & Acquisitions, Corey Painter, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with CTI.
“It was a great privilege representing Centric owner Larry Dressel and working with the high-integrity acquiring team throughout the process,” said Folz.
“There is great satisfaction knowing that Larry and the quality of the Centric organization he has built will generate sustained value for the shareholders of the acquiring entity for years to come.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Technology, Media & Telecom M&A Deals page.
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