M&A Deal Summary

CallTower Acquires Appia Services

On March 6, 2018, CallTower acquired information technology company Appia Services from Advantage Capital Partners

Acquisition Highlights
  • This is CallTower’s 1st transaction in the Information Technology sector.
  • This is CallTower’s 2nd transaction in the United States.
  • This is CallTower’s 1st transaction in Michigan.

M&A Deal Summary
Date 2018-03-06
Target Appia Services
Sector Information Technology
Buyer(s) CallTower
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition

Target

Appia Services

Traverse City, Michigan, United States
Appia Services is a provider of IT managed communication and network services, with a focus on small and midsize companies and organizations. Appia Services was founded in 2001 and is based in Traverse City, Michigan.

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Buyer(S) 1

Buyer

CallTower

South Jordan, Utah, United States
Category Company
Founded 2002
Sector Communications
DESCRIPTION

CallTower is a provider of hosted enterprise-class unified communications solutions for growing businesses nationwide. It enhances clients’ strategic and business operational capabilities by integrating business phone service, mobile applications, email hosting, unified messaging, instant messaging, audio, web and video conferencing, and collaboration tools into one reliable platform. CallTower was founded in 2002 and is based in South Jordan, Utah.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 BroadRiver

Atlanta, Georgia, United States

BroadRiver is a provider for cloud, voice, data, internet connectivity, hosting, colocation and managed services. BroadRiver is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 79 of 97
Sector (Information Technology) 12 of 12
Type (Add-on Acquisition) 44 of 54
State (Michigan) 1 of 1
Country (United States) 79 of 97
Year (2018) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 Brew Dr. Kombucha

Portland, Oregon, United States

Brew Dr. Kombucha produces a line of 100% raw, organic kombucha in a variety of flavors distributed in stores in the U.S. and Canada, including New Seasons, Whole Foods, Costco, Kroger, Safeway, Trader Joe’s, and Target. Brew Dr. Kombucha was founded in 2006 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Carolina Precision Fibers

Ronda, North Carolina, United States

Carolina Precision Fibers is a provider of green industry recycled materials manufacturing business located in Ronda, North Carolina that specializes in cellulose installation, hydroseeding mulch and industrial fibers for asphalt roads. Carolina Precision Fibers is based in Ronda, North Carolina.

Buy -
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