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Cornhusker Capital Lead Advisor for FSH Communications in Acquisition of Fox Telecom(June 13, 2012)
Chicago, IL & Denver, CO (PRWEB) June 13, 2012
Cornhusker Capital is pleased to announce that it served as the lead financial advisor to FSH Communications (FSH), a leading national communications services provider, in its successful acquisition of Fox Telecom, a Rocky Mountain telecommunications service provider since 1989. The announcement was made by Raymond McGaugh, Chairman of Cornhusker Capital, and the transaction was led by Reginald McGaugh, Founder & Managing Partner of Cornhusker Capital. Terms of the deal were not disclosed.
We are extremely pleased with the acquisition of Fox Telecom, said Mike Tatom, Executive Vice-President & Partner of FSH Communications. We look forward to significant growth opportunities with Fox Telecom and we truly appreciate the team at Cornhusker Capital for identifying this target and effectively managing the process to complete this deal.
This acquisition was a perfect fit for FSH Communications and their partners, said Reginald McGaugh. FSH Communications is a leading provider of communications, digital merchandising and access services for consumer and business customers in over 28 states. We look forward to assisting FSH Communications in pursuing additional strategic acquisition opportunities in the telecommunications services space.
About FSH Communications:
FSH Communications is a leading national communications services provider headquartered in Chicago, IL with regional offices in the states of AZ, CO, MN, NE, and WA. FSH serves every state in the Western US OVER 1.2 million square miles of territory. In 2004 FSH Communications acquired the payphone and inmate calling services assets of Qwest Communications International, Inc. Since that time, FSH has completed a handful of other acquisitions focusing on low voltage and telecommunications services providers. FSH provides telecommunications installation (business lines, cable, DSL & WiFi Hotspots, among other), maintenance and repair; telecommunications management; call center service and support; channel partnerships; and content management. For more information, please visit http://www.fshcommunications.com.
About Fox Telecom
Founded in 1989, Fox Telecom is a leading telecommunications services integrator. Fox Telecom is the initial service provider company to offer fixed rate pricing for installation and repair service to AT&T small business systems in the western region of the U.S. In the Rocky Mountain region, Fox Telecom has installed more than 3,200 systems, serviced 16,000 repair tickets and 11,000 MAC orders for AT&T/Avaya/Lucent. Fox Telecom continues to use this model to successfully support small businesses, as well as fortune 500 companies, throughout the United States. This includes servicing, installing and training for telecom and video systems, wiring and wireless systems as well as end user peripheral nodes. To learn more, please visit our website at http://www.foxtelecom.com.
About Cornhusker Capital, LLC:
Cornhusker Capital, LLC is an investment banking and merchant banking services firm focusing on financial advisory, capital raising for both debt and equity, mergers & acquisitions (M&A) advisory, employee stock option plans (ESOPs), and restructuring services for business services entities. Cornhusker Capital has highly experienced advisors focusing on the lower end of the middle market with a sweet spot that is typically those companies under $200 million in revenue; and greater than $1 Million in trailing twelve months earnings before interest depreciation and amortization (EBITDA). Our principals and Advisory Board has more than 100 years of collective deal making experience. For additional information, please visit our website at http://www.cornhuskercapital.com.
Read the full story at http://www.prweb.com/releases/2012/6/prweb9597609.htm.
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