Q Advisors – News

Lightpath, an all fiber, infrastructure based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the company has completed the acquisition of WANRack’s network assets and customers in the Phoenix metropolitan market. This acquisition adds 133 route miles of fiber, including diverse paths between the Goodyear data center ecosystem and metro Phoenix carrier hotel facilities, accelerating Lightpath’s service readiness and expansion in the region.

In conjunction with Lightpath’s recent Phoenix market entry announcement, the integration of WANRack’s assets increases Lightpath’s total network footprint in the market to 363 route miles. Upon construction completion, this infrastructure will connect 10 key data centers via underground, multi-duct conduit systems, linking emerging data center hubs in Goodyear, Buckeye, Chandler, Glendale, Mesa, and Tempe to Phoenix’s primary carrier exchange ecosystems.

Beyond the 10 planned connected data centers, the network will be strategically positioned near more than 30 additional single and multi-tenant data center campuses. While Lightpath is already service ready on 133 miles of acquired fiber, additional high priority network segments will be constructed in Q2 2025, with full network completion targeted by the end of 2026.

“WANRack’s Phoenix business is a perfect fit with Lightpath’s recent market entry and provided a solution for solving our strategic customer’s near-term requirements,” explained Rachel Stack, CFO, Lightpath. “This transaction demonstrates our creative problem solving and commitment to innovative solutions in response to customer challenges.”

“Phoenix represents a strategic and growing market for Lightpath as we look to provide critical fiber infrastructure to customers with intensive bandwidth requirements”, stated Tim Haverkate, EVP, Major Infrastructure Solutions, Lightpath.

“We look forward to partnering with WANRack’s customers to serve their growing connectivity needs and expanding Lightpath’s fiber infrastructure and customer relationships across Phoenix.”

About Lightpath:

Lightpath is revolutionizing how customers connect to their digital destinations by combining our next-generation network with our next-generation customer service. Lightpath’s advanced fiber-optic network offers a comprehensive portfolio of custom-engineered connectivity solutions with unparalleled performance, reliability, and security. Our consultative customer service means we work with you to design, deliver, and support the solution for your unique needs, faster and more easily than ever before. For over 30 years, thousands of enterprises, governments, and educators have trusted Lightpath to power their organization’s innovation. Lightpath is jointly owned by Altice USA (NYSE: ATUS) and Morgan Stanley Infrastructure Partners.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to WANRack in connection with the transaction.

Learn more about Q Advisors here.

‍

Gamma Completes Acquisition of STARFACE Group - February 20th, 2025

Gamma Communications plc (“Gamma”), a leading provider of technology-enabled communications services across Europe, is pleased to confirm that regulatory approval for the acquisition of STARFACE Group GmbH has now been received.

With all required conditions met, the transaction is complete and represents a critical milestone in Gamma's growth in the German cloud communications market. This acquisition strengthens our position as market leader and brings our total number of cloud seats in Germany to over 500,000.

This acquisition consolidates Gamma's position as a leading challenger to the established telecommunications providers in Germany and enables small and medium-sized companies to benefit from the innovative communications solutions of STARFACE's robust partner network.

Andrew Belshaw, CEO of Gamma, commented:
“We are delighted to have completed the acquisition of STARFACE. This marks the start of an exciting new chapter that will enable us to accelerate the adoption of cloud technologies and innovation in the DACH region. We look forward to working closely with our new colleagues, partners and customers to drive the future of cloud communications in Europe.”

Further updates will follow as Gamma and STARFACE work together to further enhance their combined offering and continue to deliver best-in-class cloud communications solutions in Europe.

STARFACE Group is a portfolio company of Maxburg Capital Partners, a leading private equity fund focusing on founder-led technology companies in the German speaking region.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to STARFACE and its stockholders in connection with this transaction.

‍

‍Gamma Announces its Intention to Acquire the STARFACE Group from Maxburg - January 15th, 2025

Gamma Communications plc (“Gamma”), a leading provider of technology-based communication services across Europe, is pleased to announce its intention to acquire STARFACE Group GmbH (“STARFACE”), a prominent provider of IP telephony and cloud PBX solutions in Germany, from Maxburg, a leading private equity fund focusing on founder-led technology companies in the German speaking region. The acquisition is subject to regulatory approval. Gamma has an ambition to be the leading challenger to the incumbent telecommunication providers in the German cloud communication market, transforming the SME communications landscape with innovative, agile, and customer-focused solutions.

The acquisition positions Gamma as a market leader, becoming one of the top providers of cloud seats in Germany and accelerating cloud adoption in a market with significantly lower cloud penetration than the UK. Gamma’s portfolio now offers full coverage of the German SME market, supported by a strengthened ecosystem of the STARFACE Group’s extensive partner network, which also covers Austria and Switzerland.

Andrew Belshaw, CEO of Gamma, said: “This acquisition marks a significant milestone for Gamma as we further strengthen our position in Europe’s cloud communications market. By combining STARFACE’s strong partner ecosystem and technical expertise with Gamma’s established connectivity capabilities, we’re delivering unmatched value to our customers and partners. Together, we’re not only strengthening our position in the German market but also shaping the future of business communications for SMEs across Europe.”

Gerben Wijbenga, CEO of Central and Northern Europe at Gamma, continued: “This is significant for Gamma as we expand our presence in Europe’s largest market. The acquisition of STARFACE provides us with a fantastic opportunity to combine our strengths, deliver innovative communication solutions, and disrupt the traditional telecoms space in the DACH region. We’re excited about the potential this partnership brings for our customers, partners, and teams.”

Florian Buzin, CEO of STARFACE added: “We are thrilled to join forces with Gamma, a company that shares our vision of empowering SMEs with cutting-edge communication solutions. This partnership builds on STARFACE’s legacy of innovation and channel excellence while unlocking new opportunities for growth and collaboration. Together, we are in an excellent position to lead the next chapter of cloud communications in Germany and beyond.”

Moritz Greve, Partner at Maxburg, stated: “We are very excited to see our successful partnership with Florian and the STARFACE management team conclude with a transaction with Gamma. The team did a great job turning STARFACE into one of the DACH region’s leading cloud communications providers while quadrupling profitability and we wish both teams continued success in becoming the leading competitive communications solutions provider in Germany. Gamma is the perfect fit, bringing shared values and a vision that ensures a great future for the group, its employees, and its partners.”

Gamma’s acquisition of STARFACE further expands its comprehensive UCaaS portfolio, offering SMEs tailored communications solutions with enhanced reliability, scalability, and built-in disaster recovery. As part of its existing portfolio, Gamma already provides direct-digital zero-touch sales channels and a strong partner network. STARFACE’s robust partner ecosystem will further complement and strengthen Gamma’s channel capabilities, ensuring greater flexibility and accessibility for businesses across Germany. Together, Gamma and STARFACE deliver unmatched agility and innovation, empowering SMEs to scale and succeed.

The move supports Gamma’s ambition to disrupt the German market incumbents, drive cloud adoption, and deliver future-proof innovation through its enhanced portfolio. Gamma and STARFACE are now poised to lead the way in reshaping Germany’s SME communications landscape. Further communications will follow, post regulatory approval.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to STARFACE and its stockholders in connection with this transaction.

About Gamma

Gamma is a leading provider of technology-based communication services across Europe. Gamma is admitted to trading on AIM and employs approximately 2,000 people. Offering a range of Unified Communications, mobile, security and connectivity services, Gamma provides robust and secure end-to-end business communication solutions, enabling organisations to communicate, collaborate and offer a better customer experience.

Gamma’s vision is for a better-connected world in which it can work smarter for the benefit of business, people, and the planet. Its primary market is the UK, where it delivers network-based services to SME, Public Sector, and Enterprise markets through its extensive network of trusted channel partners and direct sales and support capabilities. Expanding its presence in Europe, Gamma is continuing to grow its group of businesses focused on digital transformation by delivering services to customers via a network of channel partners in Germany, Spain, and the Benelux region.

For more information about Gamma and its comprehensive range of products and services, please visit gammagroup.co.

About STARFACE Group

The STARFACE Group unites highly specialised and successful telecommunication companies, combining their expertise, vision, and skills to revolutionise business communications. The group includes STARFACE GmbH, estos GmbH, and vio:networks GmbH, working together to make communication for organisations of all sizes better, faster, more efficient, and more user-friendly. They develop innovative products and solutions that operate seamlessly across all major devices and operating systems, enabling true unified communications. Headquartered in Karlsruhe, South West Germany, the business has additional offices in Munich and Starnberg and employs around 260 people.

For more information about STARFACE please visit starface.group.

About Maxburg

Maxburg is a Munich based private equity fund with capital commitments of more than €1bn. Maxburg supports and invests in exceptional DACH region businesses built and led by strong founders mostly focusing on software and IT, services and consumable products (B2B and B2C). STARFACE is Maxburg’ s fourth exit in the software space after having successfully invested in Maltego, KGS and Tenado.

For more information about Maxburg please visit maxburg.com/en/.

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry.

‍

ASSA ABLOY has signed an agreement to acquire 3millID Corporation and Third Millennium Systems Ltd ("3millID and Third Millennium"), companies within readers and credentials for physical access control based in the US and UK.

"I am very pleased to welcome 3millID and Third Millennium into the ASSA ABLOY Group, exciting technological additions that will reinforce our current offering within physical access control, and provide complementary growth opportunities," says Nico Delvaux, President and CEO of ASSA ABLOY.

"Welcoming 3millID and Third Millennium into the HID family demonstrates our continued investment in core physical access control technologies. These acquisitions bring new opportunities to increase customer choice and relevance within our portfolio and will enhance our presence outside of the United States," says Björn Lidefelt, EVP and Head of HID.

Founded in 2015 and headquartered in, Highlands Ranch, Colorado, 3millID is a solutions provider of proprietary access control readers and technology-enabled products to enterprise end customers in North America. Third Millennium, founded in 1996 and based in Wales, UK, is a provider of access control solutions and software to enterprise and government end customers in the UK and Europe, with robust in-house technology expertise.

Since 2015, the two companies have had a commercial partnership, encompassing technology development and sales. The two companies have a total of some 40 employees and will be part of HID´s Physical Access Control Solutions Business Area.

Sales for 2023 amounted to about MUSD 21 (approx. MSEK 220) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.

The acquisition is subject to customary closing conditions and is expected to close during the first quarter of 2025.

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry.

‍

Revelstoke Capital Partners ("Revelstoke"), a growth-oriented healthcare-focused private equity firm, announced its strategic investment in Omega Systems ("Omega" or the "Company"). Omega, a provider of managed information technology and cybersecurity managed services, is the eighth investment from Revelstoke Capital Partners Fund III.

Omega, named a top 25 fastest growing IT service provider in North America in 2024 by CRN, provides critical support, end-to-end managed IT ("MSP"), cybersecurity ("MSSP"), compliance, and cloud services to customers in highly regulated industries such as financial services and healthcare.

"We have been targeting the IT MSP / MSSP sector for investment and were attracted to Omega's differentiated capabilities, customer retention and strong recurring revenue growth," said Andrew Welch, Partner at Revelstoke. "We are excited to partner with Omega during a time when organizations in healthcare, financial services, and other industries continue to face significant IT and cybersecurity challenges."

"Revelstoke believes this sector is poised for significant growth," said Matt Dubbioso, Partner at Revelstoke. "Our plan is to build upon Omega's existing infrastructure and capabilities and make additional investments to accelerate organic and inorganic growth."

"This partnership with Revelstoke positions Omega for an exciting new phase of growth," said Mike Fuhrman, CEO of Omega Systems. "Our customers operate in highly regulated industries with increasing demands for advanced cybersecurity, multi-faceted connectivity and trusted IT advisory. With Revelstoke's partnership, we look forward to further enhancing these IT solutions to ensure our customers continue to benefit from the innovative and service-driven capabilities they've come to expect from our award-winning team."

Q Advisors acted as financial advisor and McGuireWoods LLP served as legal counsel to Revelstoke. Harris Williams served as the financial advisor and Paul Hastings served as legal counsel to Omega Systems.

About Omega Systems

As a multi-award-winning MSP and MSSP, Omega Systems is passionate about delivering the security and compliance expertise today's businesses need alongside the responsive and reliable managed IT support they deserve. Omega's service-driven IT solutions portfolio includes 24x7 managed IT support, cybersecurity risk management, managed detection & response (MDR), backup and disaster recovery, multi-cloud connectivity, and much more. Omega Systems serves a diverse customer base across the U.S. and in key industries such as financial services, healthcare, professional services, manufacturing, government, and nonprofit. Learn more at www.omegasystemscorp.com.

About Revelstoke Capital

Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare services and healthcare technology sectors. Revelstoke partners with entrepreneurs and management teams to execute disciplined organic and inorganic growth strategies to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $5.2 billion of assets under management. Since the firm's inception in 2013, Revelstoke has completed 193 acquisitions, which includes 29 platform companies and 164 add-on acquisitions. For more information, visit www.revelstokecapital.com.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry.

‍

Q Advisors, a global TMT investment bank, is pleased to announce the addition of three new partners – Jordan Rupar, Kristian MacCarter and Brian Kornmann. Jordan and Kristian have been promoted to Partner from their previous roles as Managing Directors while Brian Kornmann joins Q Advisors as an Operating Partner after 15 years at St. Louis based Private Equity firm, Thompson Street Capital Partners (TSCP) as a Managing Director.

Kristian will continue to lead European operations from the firm’s Munich office while both Jordan and Brian will be based in Denver, Colorado focusing on the firm’s telecom and managed services practices.

In addition, the firm is pleased to announce the promotion of Alexander Moore to Vice President, Chris Pibl and Eli Winegardner to Senior Associates, and Maximilian Sträußl to Associate.

Q Advisors remains committed to providing best-in-class independent advice, operational understanding and industry knowledge to our private and public M&A and capital markets clients and we look forward to the continued success and contributions of our new partners.

Jordan Rupar, Partner

Since joining Q Advisors in 2012, Jordan has consistently demonstrated a keen strategic vision and an ability to drive results for our TMT clients. She has executed numerous mergers and acquisition transactions and equity and debt financings, for clients across the TMT spaces with a deep focus on Cloud Communications and Managed IT & Cloud Services.

Kristian MacCarter, Partner

Kristian MacCarter rejoined the firm in 2020 to lead European expansion as the sole Managing Director in Q Advisor’s Munich office. He has led various M&A transactions, debt and equity placements, recapitalizations, and strategic principal investments/acquisitions primarily in the TMT sector, with a focus on Managed IT & Cloud Services and Cloud Communications. Kristian's forward-thinking approach and ability to navigate complex transactions has made him an invaluable member of our leadership team.

Brian Kornmann, Operating Partner

Brian Kornmann joins Q Advisors as an Operating Partner in our TMT practice and will have significant responsibly for growing the firm’s global Private Equity relationships as well as sourcing founder-led transactions. Brian’s past work as Managing Director at TSCP involved implementing and overseeing financial control and operational procedures across all portfolio companies and working directly to source and close platform and add-on acquisitions, including the acquisition, add-ons and subsequent recapitalization of BCM One, a large provider of managed communication services to over 30,000 clients across the world.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry.

For more information about Q Advisors, visit qllc.com.

Contact Information

Hannah Romig

Director of Operations

romig@qllc.com

(720) 666 6570

‍

IQ Fiber, a Jacksonville, Florida based provider of 100% fiber-optic internet service, announced it has completed the acquisition of ThinkBig Networks, LLC, a Maryland-based 100% fiber-optic internet service provider.

ThinkBig Networks currently serves customers in Charles, Kent, Queen Anne’s and Harford counties in Maryland with additional network expansion underway. The acquisition marks a significant milestone in IQ Fiber’s continued growth and ongoing relationship with equity sponsor, SDC Capital Partners.

"ThinkBig Networks has done an impressive job deploying its modern, 100% fiber-optic network in Maryland,” said Ted Schremp, CEO of IQ Fiber. “We look forward to bringing competition, choice and a streamlined customer experience to even more communities as we leverage the collective strengths of the IQ Fiber and ThinkBig teams.”

Dee Anna Sobczak, CEO and co-founder of ThinkBig Networks will become senior VP of the Chesapeake Region of IQ Fiber. ThinkBig will be rebranded as IQ Fiber in 2025 and will accelerate network expansion in Maryland and beyond.

“ThinkBig Networks is a natural fit to join IQ Fiber,” said Dee Anna Sobczak, CEO and co-founder of ThinkBig Networks. “We look forward to leveraging the strength and resources of the IQ Fiber brand to further accelerate our network deployment.”

IQ Fiber’s 100% fiber-optic network, which is currently deployed across North Florida and is under construction in Savannah, Georgia, is capable of symmetrical speeds of up to 10 gigabits per second ensuring customers can meet the growing demands of modern internet usage.

About IQ Fiber

IQ Fiber is a rapidly expanding, Jacksonville, Florida based fiber-optic internet service provider. IQ Fiber delivers a seamless customer experience and provides the fastest and most reliable internet access, all while maintaining a 4.8-star rating on Google with over 1,600 reviews. Building on its success in North Florida, it continues to transform the broadband market with an expanded footprint now covering Jacksonville, Gainesville and Alachua County (Florida), Savannah (Georgia) and the Chesapeake Bay Region (Maryland). For more information visit www.iqfiber.com.

About ThinkBig Networks

ThinkBig Networks is a fiber-optic internet service provider serving Charles, Harford, Kent, and Queen Anne’s County, Maryland. The company delivers fast and reliable symmetrical speeds with no usage or data caps to neighborhood homes and businesses with outstanding customer service delivered by a local team. For more information visit https://www.thinkbignets.com/

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry.

‍

NUSO, a global provider of cloud-based communications, collaboration, and customer experience as a service for business, announced the acquisition of T-Metrics, a provider of advanced contact center solutions and communication tools for the enterprise, US Federal, State, and Local government markets. This acquisition solidifies NUSO’s commitment to delivering resilient, scalable and customizable communication solutions that empower business, government, and educational organizations of all sizes to communicate with their customers, engage their employees, and stay competitive.

By integrating T-Metrics' capabilities, NUSO expands its reach and impact, offering clients contact centers with enterprise customer experience tools that meet rigorous security demands. T-Metrics is uniquely positioned in the contact center industry, delivering solutions that meet the highest government security standards in any deployment model. T-Metrics offers certified cloud-based solutions that comply with FedRAMP, StateRAMP and TXRAMP requirements, and premise-based (JITC) solutions, enabling it to serve critical government sectors and high-security industries with unmatched flexibility and security.

“The combination of NUSO and T-Metrics offers a comprehensive, customer-centered, omnichannel solution that will connect businesses, schools and governments with their customers and users. Our decision to acquire T-Metrics was made easy as we discovered the remarkable talent within the team, which aligns with our customer-experience vision,” said Matt Siemens, CEO, NUSO. “I'm excited to welcome T-Metrics employees, partners and customers to NUSO!”

Arthur Pravato, CEO of T-Metrics, added, “This partnership with NUSO accelerates our growth strategy, enhances our ability to address evolving market demands and expands our service offerings, enabling us to deliver even greater value to our customers. We’re excited about the value this combination offers to our clients and partners.”

NUSO’s platform, now further bolstered by T-Metrics’ technology and expertise, is committed to delivering advanced, affordable, and secure communication solutions. Clients across industries, including federal, state and local government, healthcare, and education, will benefit from the combination of NUSO's decade of cloud communications experience, T-Metrics’ proven track record of delivering robust, reliable communication infrastructures, and the combined team's high level of personalized service and solution-oriented support. This powerful combination is augmented by seamless integrations into Microsoft Teams™ and Zoom™ Phone, business reputation management tools like NUSO Brand Watch and Branded Calling ID (BCID), the industry's only inbound redundancy capability in NUSOflex, and robust text messaging solutions.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to T Metrics in connection with the transaction.

About NUSO, LLC

NUSO is a global software as a service provider of cloud collaboration, unified communications and contact center solutions designed to simplify and streamline business communications. Serving businesses in the U.S. and the U.K., NUSO’s platform is known for its resilience, inbound redundancy, and affordable, high-quality service. With a recent ISO 27001:2022 certification, NUSO is committed to providing secure and reliable communications solutions worldwide.

About T-Metrics

Founded in 1989, T-Metrics is a leading provider of contact center solutions, offering a suite of customizable tools designed to optimize customer interactions across voice, chat, email, and SMS. With a dedication to reliability, flexibility, and customer satisfaction, T-Metrics serves clients across industries, including government and healthcare, with solutions that adapt to the changing needs of modern businesses.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry.

‍

Rise Broadband, a leading provider of broadband services across 16 states, today announced it has acquired MidAtlantic Broadband’s 100% fiber-to-the-home broadband/internet business in Missouri. Operating under the Yondoo Broadband brand, MidAtlantic Broadband’s business in Missouri adds almost 10,000 residential and commercial locations across eight markets in the eastern part of the State.

“We’re very excited to welcome Yondoo’s broadband customers and employees to Rise Broadband,” said Jim O’Brien, Chief Executive Officer of Rise Broadband. “Our mission at Rise Broadband is to provide high-speed quality broadband service to unserved and underserved communities across the U.S. We take pride in being active, long-term partners in the local communities we serve – enabling economic growth through the connectivity we provide. We are excited to enter the Missouri market and to continue investing in providing broadband solutions across the state.”

With this acquisition, Rise Broadband will now provide service in the cities of Kahoka, Canton, La Grange, Bowling Green, Elsberry, Potosi, Belle, and Bland in Missouri. 100% of homes passed are serviceable with fiber-optic service.

“We are excited to support Rise Broadband’s continued growth with this high-quality asset that furthers our geographic expansion,” added Emily Azer, Director of GI Data Infrastructure and Bill Glennon, Principal of GI Data Infrastructure. “Since our acquisition in February 2023, Rise Broadband has been rapidly expanding its footprint through the deployment of new fiber-to-the-home networks and through the upgrade of its hybrid fixed wireless infrastructure.”

Davis Graham & Stubbs acted as legal counsel to Rise Broadband. Q Advisors acted as exclusive financial advisor to MidAtlanticBroadband and Foster Garvey acted as legal counsel.

About MidAtlanticBroadband

MidAtlanticBroadband provides planning, installation, and maintenance services for a broad range of next generation infrastructures such as structured cabling, fiber optic distribution plant to wireless networks to cable television plant. Additionally we offer clients unsurpassed expertise in integrated networking solutions such as routers, switches, and U.S. military secured applications.

About Rise Broadband

Rise Broadband is on a mission to connect communities to the world. Rise Broadband offers affordable and reliable high-speed Internet and phone services across Texas and 15 other states. Founded in 2006, Rise Broadband builds on its legacy of superior customer service by offering fast and contract-free connections via its Fixed Wireless or Fiber Internet networks. Ranked the country’s best rural internet service provider by CNET and Rolling Stone Recommends. Additional information is available at www.RiseBroadband.com.

About GI Partners

Founded in 2001, GI Partners is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $43 billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity strategy invests primarily in companies in the healthcare, services and software sectors.

The real estate strategy focuses primarily on technology and life sciences properties as well as other specialized types of real estate. The data infrastructure strategy invests primarily in hard asset infrastructure businesses underpinning the digital economy.

For more information, please visit www.gipartners.com.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry. More information at www.qllc.com.

‍

RingSquared is pleased to announce the completion of its acquisition of Crocker Communications, Inc. This strategic move strengthens RingSquared's position as a leading fiber broadband provider across Western Massachusetts and accelerates its mission to deliver advanced connectivity to businesses, the public sector, and residents throughout the region with both AccessPlus and Crocker Communications.

With regulatory approvals now complete, this is the third successful acquisition in recent years for the organization in central and western Massachusetts, solidifying RingSquared and AccessPlus as the dominant internet service and unified communications provider in the area. RingSquared is integrating Crocker's extensive customer base, serving around 2,000 government, education, business, and residential clients with AccessPlus. Crocker Communications provides a substantial IP backbone, serves as the exclusive internet access provider for Block Island, Rhode Island, and supplies connectivity to many of Massachusetts' educational districts and municipalities.

“Bringing Crocker Communications into the team of brands with AccessPlus allows us to offer more services to an even wider range of communities across the state. We're ready to lead the way in fiber innovation, driving growth throughout Massachusetts.” Kevin Alward, AccessPlus CEO

Crocker customers will now have access to AccessPlus' expanded business connectivity options, as well as multi-gigabit fiber broadband services, starting in Pittsfield and expanding throughout Berkshire County.

"This acquisition is a significant milestone for our growth in Massachusetts," said Kevin Alward, CEO of RingSquared. "Bringing Crocker Communications into the team of brands with AccessPlus allows us to offer more comprehensive, reliable, and scalable broadband solutions to an even wider range of communities across the state. We're ready to lead the way in fiber innovation, driving growth throughout Massachusetts."

Crocker Communications, a third-generation telecommunications provider known for its strong presence in the government and education sectors, brings additional capabilities to AccessPlus, particularly in providing high-performance connectivity to educational institutions, municipalities, and rural and underserved areas.

"We're excited about the opportunities this acquisition presents for our customers," said Matthew Crocker, President of Crocker Communications. "Our clients will benefit greatly from AccessPlus' high-speed solutions and robust network. We're eager to continue delivering the exceptional service and innovation they've come to expect from us over the years."

"Crocker's reputation for service excellence and its strong relationships in the public sector are a natural fit for our vision," added Alward. "We're committed to ensuring that every city, town, and underserved area in the region has access to world-class fiber technology."

The integration of Crocker's services into the RingSquared network enhances both organizations' ability to serve a wider range of customers with reliable, high-speed connectivity. This partnership will accelerate growth and expand access even further through collaborations with MBI and other regionally focused carriers. RingSquared will maintain Crocker Communications' presence in key public sector areas, ensuring continuity for clients while improving network performance and service quality.

Q Advisors, a leading global TMT investment bank, acted as the exclusive financial advisor to RingSquared in connection with this acquisition. They have a longstanding partnership with the RingSquared organization, having served as their advisor on all previous deals. Alongside this acquisition, RingSquared has secured additional funding from their primary lender to continue expanding in the Berkshires.

About RingSquared

RingSquared combines multiple industry-leading products together to deliver flexible and customizable communications solutions over the RingSquared Network. Built on carrier-grade facilities with local and geographically redundant architecture, RingSquared ensures every client benefits from a reliable and scalable network.

With a dedicated leadership team bringing over 75 years of combined telecommunications experience, RingSquared works with private and public businesses, including enterprise organizations, financial groups, government entities, manufacturers, a full range of Fortune 500 brands, and media agencies. We proudly serve over 25,000 valued customers and deliver millions of calls monthly.

RingSquared LLC brands include RingSquared Telecom, RingSquared International, AccessPlus, Dial800, and Kall8.

About Crocker Communications

Founded in 1963, Crocker Communications is a leading provider of telecommunications services, including business phone systems, managed Wi-Fi, and internet connectivity from 5 Mbps to 10 Gbps. Crocker serves the government, education, and municipal sectors, and is the exclusive internet provider for Block Island, Rhode Island. To learn more, visit Crocker.com.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry. More information at www.qllc.com.

‍

NETRIO, an IT managed services and solution provider, and SUCCESS Computer Consulting, a portfolio company of L Squared Capital Partners, today announced they are joining forces to create one of the largest full-service IT managed service providers (MSPs) in North America focused on serving small to mid-market businesses.

The new, unified organization brings together two industry leaders with more than 50 years of combined experience in managed infrastructure, cybersecurity, connectivity and cloud services. The company will leverage the strengths of both organizations to deliver enhanced technology solutions that drive innovation, efficiency, and growth for their clients, while also reducing costs and cybersecurity risks.

"Bringing together these two highly respected companies is an important next step in our mission to transform how small to mid-market organizations leverage technology to thrive in today's digital marketplace," said Mike Cromwell, Chief Revenue Officer at NETRIO. "By unifying our complementary technology expertise and capabilities, as well as our shared commitment to delivering a great customer experience, we're creating an even stronger partner for our customers as they look to modernize and compete effectively."

Serving a customer base that spans North America, the combined MSP will maintain a strong focus on providing expertise and resources to support clients' digital transformation initiatives. Specific technology offerings will include:

• Managed IT Services, including networking and connectivity, hardware and software as a service, and Microsoft 365 and Office support.

• Managed Cybersecurity, including fractional vCISO support, endpoint detection and response (EDR), managed detection and response (MDR) and security operations center (SOC).

• Cloud Services, including managed cloud, migration, and disaster recovery.

"In today's technology landscape, businesses face a wide range of platform choices across cloud, security, and productivity solutions," said Brandon Nohr, Chief Technology Officer at SUCCESS, a Minneapolis-based managed services and security firm. "By joining forces with NETRIO, we're creating an organization with the depth of expertise to help customers navigate these complex decisions and implement the right platforms to meet their specific needs. Our combined knowledge, experience and talent will enable us to serve as a trusted advisor to our clients, helping them make strategic technology investments that drive real business value."

Q Advisors served as exclusive sell-side advisor to NETRIO on this transaction.

About NETRIO

NETRIO is one of North America's fastest-growing full-service MSPs exclusively serving the IT demands of small to mid-market organizations. Since 2003, NETRIO has simplified technology management complexities, helping organizations drive innovation, efficiency and growth through managed IT services, cybersecurity solutions and cloud services. The company delivers enterprise-grade IT solutions across highly regulated industries, including financial services, healthcare and retail. Combining more than 20 years of experience with innovative technologies, NETRIO enables clients to maximize technology investments while reducing costs. For more information, visit netrio.com.

About SUCCESS Computer Consulting

SUCCESS Computer Consulting is a leader in managed IT and security services for small and medium-sized businesses in Minneapolis, St. Paul and the surrounding Twin Cities Metro area. The company has more than 30 years of experience and focuses on three main service areas: managed IT, cybersecurity and Microsoft 365. Its mission is to help clients understand how technology can work for them. For more information, visit successcomputerconsulting.com.

About L Squared Capital Partners

L Squared Capital Partners is private equity investment firm with over $2 billion of equity commitments under management and is headquartered in Newport Beach, CA, that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Tech-Enabled Services & Software, Education Technology, and Industrial Technology & Services. L Squared’s unique investor base of family offices and institutions enables the Firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over 15 years and have over 125 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry. More information at www.qllc.com.

Netsurit, a New York-based leading managed service provider (MSP), has announced its recently closed debt financing transaction with Sunflower Bank. This financing collaboration strengthens Netsurit’s position to support its acquisitive growth strategy. Q Advisors, a leading global TMT investment banking boutique, acted as the exclusive financial advisor to Netsurit in this transaction.

Netsurit has completed seven acquisitions since 2021 with each offering strong synergies, expansion into new US markets and technical expertise. This newly completed debt package with Sunflower will provide Netsurit with room to explore additional acquisitions in the managed services space.

Netsurit provides comprehensive IT solutions, including cloud migration, cybersecurity, backup and disaster recovery, network management and digital transformation services. Netsurit has offices in the US and South Africa and has been recognized as one of the world's top-performing MSPs by Channel Futures and CRN.

Sunflower Bank is a regional bank that offers a full range of financial products and services for personal, business, and commercial customers. The bank executes a national technology-focused sector strategy backed by a full-service suite of traditional banking and risk management products.

About Netsurit

With headquarters in New York, Netsurit is a global company that provides managed services for organizations of all sizes. Its culture is based on the tenet, "Supporting the Dreams of the Doers." Netsurit has been internationally recognized as one of the top-managed service providers since 2009. More information at www.netsurit.com.

About Sunflower Bank

A regional bank with a commercial focus, Sunflower Bank delivers highly personalized financial services to businesses and entrepreneurs. With $8.0 billion in assets as of June 30, 2024, locations across five states, and headquarters in Dallas, TX, Sunflower Bank provides a full range of banking services including personal, small business, commercial, wealth management, credit cards, home loans, and more to the communities it serves. More information is available at SunflowerBank.com.

The Netsurit client relationship is managed by the Sunflower Bank Technology, Media & Telecommunications lending group headquartered in Dallas, Texas. Sunflower Bank manages and executes on full banking relationships for national middle market technology, media and telecommunications companies. More information at www.sunflowerbank.com.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry. More information at www.qllc.com.

‍

ABM Industries Incorporated (together with its subsidiaries, collectively referred to as “ABM” “we,” “us” or “our”) (NYSE: ABM), a leading provider of facility solutions, today announced it has acquired Quality Uptime Services, Inc. (“Quality Uptime”), a prominent player in the critical power services industry for an all-cash purchase price of $119 million.

Quality Uptime, headquartered in Bethel, CT, is a leading independent uninterrupted power supply system (“UPS”) maintenance and UPS battery maintenance company providing customized preventive and emergency service programs for mission-critical data centers and other facilities nationwide. Quality Uptime and its more than 130 employees will become part of ABM’s Mission Critical Solutions group within its Technical Solutions segment. Quality Uptime will initially maintain its brand identity while leveraging ABM’s resources and expertise in electrification infrastructure and microgrids to enhance its services and reach new customers.

With the addition of Quality Uptime, ABM’s Mission Critical Solutions group will offer comprehensive and complementary critical infrastructure solutions for data centers and similar crucial facilities, including electrical testing (NETA), electrical switchgear maintenance, breaker testing, UPS service and maintenance, and battery and power distribution unit service and maintenance. These services complement ABM’s existing robust offerings in microgrid design and construction services, critical cooling, technical project management, facility engineering and cleaning services, resulting in a self-performance model that is an industry leader.

"The acquisition of Quality Uptime is expected to double ABM’s mission critical-related revenue in the first full year of ownership, driven by the surge in artificial intelligence and related investments in data center infrastructure,” said Scott Salmirs, President and Chief Executive Officer of ABM. “Consistent with our ELEVATE strategy, we believe this investment positions ABM to further participate in the long-term proliferation of data centers, which already represents a multi-billion-dollar market. The addition of Quality Uptime aligns with our vision to drive innovation and deliver comprehensive solutions to our clients, and we are excited to welcome their CEO John Raio and this talented and experienced team to ABM.”

"Joining ABM represents an exciting new chapter for us," said John Raio, Chief Executive Officer of Quality Uptime. "Our clients and team will benefit from ABM’s scale and expanded suite of services, as well as the combined expertise of both organizations. We are excited about the opportunities this combination creates and are committed to continuing our tradition of excellence and innovation in the data center industry."

About ABM

ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility solutions. A driving force for a cleaner, healthier, and more sustainable world, ABM provides essential services and forward-looking solutions that improve the spaces and places that matter most. From curbside to rooftop, ABM provides comprehensive facility services that includes janitorial, engineering, parking, electrical & lighting, energy solutions, HVAC & mechanical, landscape & turf, and mission critical solutions. ABM delivers these custom facility solutions to properties across a wide range of industries – from commercial office buildings to universities, airports, hospitals, data centers, manufacturing plants and distribution centers, entertainment venues and more. Founded in 1909, ABM serves over 20,000 clients, with annualized revenue of over $8 billion and more than 100,000 team members in 350+ offices throughout the United States, United Kingdom and other international locations. For more information, visit www.abm.com.

About Quality Uptime Services

Supporting a national client base across multiple industries, Quality Uptime Services provides uninterrupted power supply system (“UPS”) and battery preventive maintenance through a team of factory-trained field service engineers. With over 9 million square feet of raised floor under contract and industry-leading customer retention, clients confidently engage Quality Uptime to maintain 100% uptime. For more information, visit www.qualityuptime.com. Follow Quality Uptime Services on X; LinkedIn, and Facebook.

Q Advisors, a leading global TMT investment banking boutique, acted as exclusive sell-side advisor to Quality Uptime Services in connection with this transaction.

‍

NUSO, an omnichannel provider of cloud communications and collaboration solutions, recently announced a partnership with McCarthy Capital to recapitalize. The selling investors included Advantage Capital, James Goebel, and Gentsch Capital.

NUSO delivers cloud native business communication services including telephony, collaboration, contact center, messaging, compliance, and critical communication platforms throughout North America, Europe, and the United Kingdom.

From its beginnings as the Voice-over-IP-Service division of Sotel Systems, LLC in 2008, NUSO experienced double-digit growth and ultimately spun out as an independent cloud communications platform in 2019 with the help of an investment from leading impact investor Advantage Capital. Since its spin out, the company has grown revenues more than six-fold and expanded operations to the United Kingdom and Italy.

Jim Goebel, Chairman of Sotel Systems and former Chairman of NUSO said: “On behalf of the shareholders and directors, I want to recognize the vision and customer-centric focus of the management and employees of NUSO that created a global, award-winning communications platform. I am pleased McCarthy Capital chose to partner with NUSO’s management and employees to continue that growth and innovation.”

The establishment and growth of NUSO – and its new partnership with McCarthy Capital – was supported and facilitated by long-time investors committed to the company and its vision.

“We are thankful for the support of the investment group that enabled NUSO to transition to this next chapter,” said Matt Siemens, NUSO CEO. “Looking back to when just over 30 of us spun out in 2019 to become an independent company, we exceeded our own expectations of revenue growth while nearly tripling the number of jobs created.”

Advantage Capital initially invested in the company in 2019 and has been instrumental in its strategy and success – sharing business expansion and job growth aspirations.

“NUSO is an amazing business story, and we are pleased to have played our part,” said Louis Dubuque, Managing Director, Advantage Capital. “We always aim to invest in growth-ready businesses run by ambitious entrepreneurs with talented teams and a sound strategy. NUSO checks all the boxes. I am excited and eager to see what’s in store for the future.”

About NUSO

NUSO offers a diversified portfolio of business Cloud Communications and CPaaS enablement solutions. The company maximizes resiliency while minimizing customer costs through native control of all service layers, from the network foundation to the business application. NUSO full-stack offerings are delivered via a network of channel partners, resellers, and managed service providers with a focus on real-time frictionless service. Addressing multiple expanding business markets of all sizes, NUSO enterprise–grade, as–a–service offerings are currently available throughout North America, the United Kingdom, and Europe. For more information, visit www.nuso.cloud.

About Advantage Capital

Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4 billion in more than 900 companies to support more than 67,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.

Q Advisors, a leading global TMT investment banking boutique, acted as exclusive financial advisor to NUSO in connection with this transaction.

The acquisition of LoRaWAN operator and cloud-based network management platform provider Senet immediately establishes Netmore with a carrier-grade network in the US, adding to its strong position operating carrier-grade networks throughout the European and global IoT markets. Senet brings nearly 10 years of LoRaWAN technology development, a portfolio of public and private network offerings, integrations with several terrestrial and satellite networks, and a synergy with Netmore Group across large-scale commercial markets, including utilities, energy, enterprise, and asset tracking/logistics.

Adding to its growing footprint throughout 11 European markets, Netmore is now positioned to deliver best-of-breed connectivity services, network infrastructure management, network and device monitoring and management, radio planning, maintenance, and customer support globally.

The combined company will start with over one million connected devices under direct management and a large, contracted backlog, including one of the largest global installed bases of water utility AMI networks and contracted smart meters. Additionally, Senet has momentum in the building monitoring, track and trace, natural gas safety, and operator enablement markets, which complement existing Netmore market penetration and offer new opportunities for significant multi-protocol end-device connection growth across geographies.

Senet will continue operations as Senet, a Netmore Company, from its headquarters location in Portsmouth, New Hampshire, ensuring the continuity of regional sales, service delivery, and customer success. This structure also recognizes the strong brand Senet has created as a prominent provider of LoRaWAN network services, while establishing a better, stronger Netmore Group with the resources and strategic focus to grow a global business.

“I am thrilled to announce this acquisition which reflects our ongoing commitment to become the world’s leading provider of global carrier-grade IoT connectivity. The acquisition of Senet is a very important step in Netmore’s expansion plan. After our build out of LoRaWAN in Europe, now covering 11 countries, this expansion into the US is a pivotal part of our growth strategy and aligned with our commitment to the deployment of infrastructure needed to support global business automation and sustainability initiatives. This acquisition brings together highly complementary teams, technology, and operations that position Netmore to create even more value for our customers, employees, and shareholders as we become the driving force behind the next stage of market growth,” says Ove Anebygd, CEO Netmore Group AB

“A fragmented IoT connectivity market is beginning to consolidate. Netmore, Senet investors, and leadership view the timing of this strategic acquisition as an opportunity to establish a dominant market leadership position. Now, more than ever, we are positioned to engage and execute with technology leaders, solution providers, integrators, and channel partners to drive innovation into the market and accelerate the adoption of LoRaWAN technology across markets. Our long-term commitment remains firmly rooted in delivering innovative products and exceeding customer expectations with best-in-class customer support, while building and maintaining strong relationships with the customers, partners, and suppliers across the markets we serve,” says Bruce Chatterley, CEO, Senet, Inc.

Purpose-Driven Investors

With backing from financially strong and long-term purpose-driven investors Polar Structure AB, a major shareholder in Netmore, and Fisk Ventures, a leading investor in Senet, the organization is poised to capitalize on new opportunities and drive growth for years to come.

“As majority owner and green transition partner, we are proud of our key investment in Netmore. Through our continued investments, we are determined to develop the leading IoT network for critical assets in society to become sustainable at scale. A sustainable asset is a connected asset. Our long-term ownership structure accelerates modern infrastructure development, enabling resource efficiency across sectors. It’s rewarding to be a part of this journey of transformation and growth with Netmore,” says Tobias Emanuelsson, CEO of Polar Structure AB.

“We are excited about the growth of digital transformation driven by the promise of IoT. Following recent growth in demand from the energy, utility, and enterprise sectors, the timing of this venture is strategically aligned with the next phase of the market’s evolution and creates new opportunities for customers around the world. We look forward to the ongoing innovation and ecosystem leadership to be delivered by the combined Senet and Netmore organization,” says Stephen Rose, Managing Director of Fisk Ventures.

Q Advisors, a leading global TMT investment bank, acted as the exclusive sell-side advisor to Senet in connection with this transaction.

Fusion Connect, a leading global managed communications service provider (MCSP) and Microsoft Cloud Solution provider (CSP), has announced its debt refinancing with PNC Business Credit, a division of PNC Bank, N.A. This new financing replaces all the company’s existing debt obligations at par, with more favorable financial terms going forward. It strengthens Fusion Connect's financial position and equips the company with a robust foundation for driving its next phase of growth and technological innovation in delivering Microsoft services and solutions.

Fusion Connect is pioneering the future of communications with its advanced Microsoft Teams Calling Services. By seamlessly integrating Microsoft's AI and automation capabilities, the company is transforming voice into a strategic digital asset for businesses. This not only enhances communication but also provides organizations with a unique competitive advantage, turning voice into a powerful tool for insights and growth in today's digital landscape.

The financing delivers multiple benefits for Fusion Connect:

Operational Flexibility: The new structure gives Fusion Connect access to flexible financial tools and solutions tailored to its unique business needs, enabling it to make agile decisions in a rapidly evolving market.

Enhanced Investment Opportunities: With a fortified balance sheet, Fusion Connect can explore new investment opportunities, from acquisitions to R&D, propelling it ahead in the MCSP domain.

Reduced Interest Burden: By optimizing its debt structure, Fusion Connect will significantly decrease its interest-related expenses, resulting in improved profitability and cash flow.

Working with PNC Bank, a leading financial institution, amplifies Fusion Connect's growth of next generation technology solutions.

Brian McClintock, CFO at Fusion Connect, expressed his enthusiasm for the collaboration, stating, “The refinancing not only enhances our financial structure with a new level of flexibility that's invaluable in our industry, but it also allows for an acceleration of our multiyear growth strategy. With this new structure, we will continue to be below 3x levered, which is market leading in our industry.”

Brian Crotty, CEO at Fusion Connect, commented on his excitement about the refinancing, stating, “Our ability to refinance with more favorable credit terms in these challenging credit markets, underscores our ongoing success in executing on our transformation of Fusion Connect into a leading Global Management Communications Service Provider.”

Fusion Connect's new debt financing underscores the company’s unwavering commitment to its business goals, and heralds in a new chapter of accelerated growth, relentless innovation, and sustained market leadership for the company.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor and placement agent to Fusion Connect.

RingSquared, a nationwide business voice and data solutions provider, has announced the completion of its acquisition of the telecom business of AccessPlus Communications, an established high-speed fiber and wireless service provider.

RingSquared’s newly acquired AccessPlus will retain its name and now service the greater Northeast region with fiber connectivity on a combined footprint of over 170 miles of route fiber and fixed wireless access points. The current fiber infrastructure of RingSquared and AccessPlus spans several high-density city centers in the Berkshires as well as the Capital District of New York. AccessPlus will cover most businesses immediately, with further expansion scheduled to cover the residential market.

“We’re excited to join forces with AccessPlus Communications. Doug Norton and his team’s strengths reside in the engineering, installation, and management of fiber in their existing markets. He brings a tremendous amount of experience and knowledge that will help enhance the advanced infrastructure of the RingSquared platform,” stated Kevin Alward, RingSquared Owner & CEO.

“The acquisition of AccessPlus Communication accelerates RingSquared’s fiber network expansion throughout the NE market. We already provide fiber Internet services in the Capital District of New York, and the addition of AccessPlus will help us roll out access solutions to a wider number of business and residential customers in our core markets,” continued Alward.

AccessPlus will combine services with RingSquared to deliver high-performance Internet and enterprise networking solutions with speeds up to 10 GB to business customers in its existing markets of Pittsfield, Lenox, Lee, Adams, North Adams, Great Barrington, and Springfield, Massachusetts, and Troy, New York.

In addition to fiber, RingSquared will also leverage the extensive AccessPlus fixed wireless network coverage with privately owned dedicated towers to provide customers with an unparalleled, fully redundant connectivity solution for full business continuity.

“We look forward to joining the RingSquared platform and its impressive network technology to combine and create a top-of-market fiber network with 10 GB Fiber to the Premise and wireless solutions to the Berkshires and Capital District of New York communities,” said Norton.

RingSquared has continued to invest in its network’s reliability and reach since acquiring the network assets of Troy, NY-based Cornerstone as part of the Magna5 deal in 2021. The company has also made major investments in its voice and data infrastructure including new Microsoft MetaSwitch, Ribbon SBC 7000, and Juniper Network infrastructure, creating nationwide geographic redundancy using industry-leading technology.

This will be RingSquared’s 8th transaction in eight years and the company continues to successfully execute on its “acquisition – integration – optimization” strategy.

Q Advisors, a leading global TMT investment bank, acted as the exclusive financial advisor to RingSquared in connection with this transaction. Q Advisors has a longstanding partnership with the RingSquared organization as their advisor on all previous transactions.

‍

LiveOak Fiber, a regional service provider building and operating a world-class broadband network, announces its intent to acquire Glynn and Camden Counties fiber network assets from Alma Telephone Company (ATC) Broadband, a Telecommunications Company based in Alma, Georgia.

The strategic acquisition of ATC’s fiber network assets in these two counties allows LiveOak to strengthen its service delivery capabilities throughout the Golden Isles of Georgia’s Southeast coastline in Glynn and Camden County Georgia and will bring great advantages to residents and businesses in these underserved counties. Residents and Businesses can expect packages that start at 500Mbps and go up to 10 Gbps, include premium managed Wi-Fi with no contracts and no data caps. LiveOak is disrupting the market with its next-generation high-speed fiber broadband, offering internet the way it should be.

“Over the past several years, ATC has recognized the need for reliable residential broadband services in Glynn County and Camden County,” says Teddy Solomon, Chief Executive Officer of ATC Broadband. “This acquisition is a boon to the community. We are confident that LiveOak Fiber has the local resources, experience, and enthusiasm to take our network and expand it in a way that ensures both communities gain access to the best possible broadband experience.”

“The acquisition of this ATC Broadband fiber asset reinforces our commitment to serve the Golden Isles and enables LiveOak Fiber to expedite our timeline for buildout in Glynn County and expands our service area to include the businesses and residents of Camden County. We will build upon the great work of ATC by offering the highest quality Internet services and speeds in the region, coupled with superior local customer service,” adds Jody Craft, President at LiveOak Fiber.

The network assets LiveOak is acquiring from ATC were built to provide high-speed fiber network services to medical and business communities throughout Glynn and Camden Counties. Over its decades of telecommunications service experience, ATC’s robust network and pristine customer service has successfully competed against national service providers in South Georgia for many years. ATC looks forward to maintaining a portion of their customers and interests in this space and continuing to harness the healthy relationships that have made them who they are today.

Q Advisors, a leading global TMT investment bank, acted as the exclusive financial advisor to LiveOak in connection with this transaction.

‍

OMERS Infrastructure today announced that OMERS investments in TPG Telecom Limited’s mobile tower and rooftop portfolio, and Stilmark, an independent Australian developer, owner and operator of mobile tower assets, have now both reached completion. Both businesses, which will have a combined footprint of 1,400 tower and rooftop sites in Australia and growing quickly, will be combined and operate as a single business under a new brand, WaveConn.

Commenting on the news, Christopher Curtain, Senior Managing Director, Asia-Pacific for OMERS Infrastructure, said: “We have developed a strong relationship with and respect for the Stilmark management team and their capabilities. The strong focus on delivering innovative and market leading solutions for mobile network operators continues to be a key part of our interest in the company. Stilmark is an excellent fit for our new Australian digital infrastructure portfolio, as it complements our recent investment in TPG’s mobile tower and rooftop portfolio.”

WaveConn will be part of OMERS Infrastructure’s growing portfolio of assets in Australia, alongside Port of Melbourne, Transgrid and FRV Australia. It will also be part of OMERS Infrastructure’s global portfolio of digital infrastructure assets, alongside Deutsche Glasfaser/inexio in Germany, and XP Fibre in France.

Since its establishment in 2013, Stilmark has delivered numerous development and build projects for TPG and Optus, growing a national portfolio and pipeline of towers, with all sites secured under long-term revenue agreements. Stilmark is currently owned by its founders, management team, family offices and US-based ATN International.

Commenting on the sale, Stilmark Chairman, Graham Bradley, said: “We are delighted that our business will be joining the OMERS Infrastructure portfolio in Australia and are excited about the opportunities this creates for our team to continue our innovation leadership in the tower market. We are proud of our activity across Asia-Pacific to support and grow our portfolio in key sectors including digital infrastructure, mobility, and the energy transition.”

Christopher added: Australia and Asia-Pacific more broadly are priority markets for OMERS Infrastructure, where we continue to see significant investment opportunities. We are delighted these transactions have closed, and we look forward to working with the new team to establish WaveConn as an innovative and customer-focused provider of critical telecommunications infrastructure in Australia.”

Q Advisors, a global TMT investment bank, acted as exclusive financial advisor to Stilmark in connection with this transaction.

‍

Meriplex, a leader in managed cybersecurity, IT and SD-WAN solutions for SMB and mid-market enterprises in the United States, is pleased to announce the completion of a transaction in which Vitruvian Partners acquired a majority interest in Meriplex. Meriplex's existing shareholder Clairvest Group Inc. (TSX: CVG) (“Clairvest”) is retaining meaningful equity in Meriplex and will remain as a minority shareholder alongside the Meriplex management team led by Founder & CEO David Henley, who will continue to run the business.

Meriplex has a strong track record of industry-leading organic growth, financial performance and since 2018 has completed 13 acquisitions, expanding its reach to become a nationwide leader. EBITDA in 2022 is expected to be 10x of that achieved in 2017.

“Vitruvian Partners will help further accelerate our rapid growth, enabling us to continue to expand our nationwide footprint and capabilities to serve our customers better every day. We are excited about partnering with them and to continue our partnership with Clairvest” says David Henley, Founder & CEO of Meriplex. “I am very proud of what Meriplex has achieved over the last few years and am excited to continue growing Meriplex and our customer relationships alongside Vitruvian as our new private equity partner.”

David Nahama, Senior Partner at Vitruvian Partners, says: “We have been very impressed with the track record of growth at Meriplex and have seen the company consistently outperform, including executing multiple strategic acquisitions. Meriplex has established a nationwide leadership position in the highly attractive managed cybersecurity, IT and SD-WAN solutions markets, allowing it to deliver compelling and differentiated solutions to its customers, and underpin its attractiveness from an investment perspective. We approached David late last year and are delighted to be partnering with him, the broader Meriplex team and Clairvest on the next significant chapter of expansion and success for Meriplex.”

Luuk Remmen, Partner at Vitruvian Partners, adds: “Vitruvian Partner’s investment in Meriplex builds on our longstanding track-record and experience in cybersecurity, enterprise networking and managed services. Together with Clairvest, we believe we have significant capital and capabilities to support the growth and acquisition aspirations of Meriplex.”

“We are incredibly proud of the Meriplex team. They successfully executed an aggressive growth plan and matured the business into a national player,” says Mitch Green, Managing Director at Clairvest. “David and his team have been relentless in their pursuit of opportunities to grow and strengthen the business. We are thrilled to reinvest a meaningful equity stake into the transaction along with our management partners and welcome Vitruvian, whom we believe will be a great partner for this next stage of growth.”

Q Advisors acted as exclusive financial advisor to Meriplex in connection with the transaction.

‍

11:11 Systems (“11:11”), a managed infrastructure solutions provider, today announced the acquisition of Static1, a leader in managed network and IT infrastructure development and services. Driving increased productivity, efficiency, and security for its customers, Static1 designs, builds, runs, and optimizes IT infrastructure.

The enterprise network infrastructure market is valued at $56B as of 2021, and is expected to grow significantly over the next five years. The shifting dynamics of remote work and the increased need for bandwidth and technology to enable the migration to wireless are major factors driving the growth of the connectivity market. IT leaders must ensure applications and data are connected, anywhere, anytime, but most businesses do not have the internal resources to manage those new complex infrastructure requirements.

“Feedback from customers has shown that there is a dearth of offerings that combine cloud, connectivity and security in one platform,” said Brett Diamond, CEO, 11:11 Systems. “We are focused on providing the platform for these three core pillars while ensuring that our customers’ apps and data are always running, accessible and protected. Static1 is a natural addition to our portfolio particularly because of the team’s significant depth in connectivity. With this acquisition, we will strengthen our existing managed services and add entrenched industry expertise and relationships to our portfolio.”

Static1 is a leader in complex industries such as media, entertainment, pharmaceutical, retail, financial services, and not-for-profits. Their services span the gamut from connectivity to security management to monitoring, network, infrastructure, and SD-Wan technology. Through this acquisition, Static1’s team and technology will complement 11:11’s recent acquisitions of Unitas, Cleareon, iland and Green Cloud Defense– each of which hold market leadership positions within the cloud, connectivity, and security spaces.

“11:11 and Static1 share a vision for addressing the most pressing issues that businesses face,” adds Anthony Lobretto, President, and CTO, Static1. “This exciting step forward benefits our customers with continued best-in-class support, greater uptime, reliability, and security, all while reaping the benefits of accessing the full spectrum of purpose-driven solutions 11:11 has to offer.”

11:11 is backed by Tiger Infrastructure Partners, a middle-market private equity firm that invests in growing infrastructure platforms.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor and placement agent to 11:11 Systems in connection with this transaction and related debt financing.

‍

Visionary Broadband (“Visionary”, or the “Company”) has received a strategic investment from funds affiliated with GTCR LLC (“GTCR”), a leading private equity firm based in Chicago, Illinois. The transaction will allow Visionary to continue investing in the construction of new fiber broadband networks throughout Wyoming, Colorado, and Montana, and will prepare Visionary for match requirements in upcoming State-led grant programs.

Headquartered in Gillette, Wyoming, Visionary is a pioneering Internet Service Provider (“ISP”) serving residential and business subscribers in the Rocky Mountain region. Founded in 1994, Visionary has grown into one of the largest and most geographically diverse ISPs in the Rocky Mountain region, serving customers through the Company’s hybrid fiber and wireless network. In partnering with GTCR, Visionary Broadband will accelerate its ongoing network expansion in order to provide fiber-to-the-premise (“FTTP”) broadband to rural and underserved communities.

“This investment accelerates our commitment to deliver reliable, state-of-the-art gigabit internet where we live, work and play. We do what we say here at Visionary, and this allows us to do even more for both existing and future Visionary customers,” said Brian Worthen, CEO of Visionary Broadband. “GTCR shares our rural broadband focus, and we are excited to partner with them at this essential time for broadband.”

“The Visionary management team has built an incredible business with deep roots in the communities they serve,” said Stephen Jeschke, Managing Director at GTCR. “We are excited to partner with an experienced and entrepreneurial management team focused on hiring local and bringing multi-gigabit fiber-based internet access to their service areas.”

Visionary is actively constructing FTTP projects in several markets in its existing footprint. The initial builds include the Wyoming communities of Casper, Cheyenne, Gillette, Lander, Laramie, and Lusk, and Marble, Gunnison, and Walden in Colorado. Previously, Visionary completed FTTP projects in Dayton, LaGrange, Ranchester, and Yoder in Wyoming, and in Kremmling, Colorado. The Company is deploying XGS-PON, a passive-optic networking technology capable of ten gigabits per second to every home.

Visionary plans new fiber projects in communities that desire a relationship with a broadband provider, are focused on economic development and are engaged on behalf of their citizens.

Q Advisors, a global TMT investment banking boutique acted as exclusive financial advisor to Visionary Broadband in connection with this transaction.

‍

Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) ("Sangoma" or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced it has acquired NetFortris Corporation (“NetFortris”). This acquisition further accelerates Sangoma into the upper echelon of SaaS communications providers and extends our industry leading suite of cloud services with new MSP capabilities, thereby delivering even more ‘one stop shopping’ for our customers and providing larger ‘share of wallet’ for Sangoma.

NetFortris provides UCaaS and cloud-based, fully managed MSP (managed service provider) solutions for businesses of all sizes and across all industries. They have approximately 250 employees and four primary offices in Dallas, Seattle, Los Angeles, and Manila. In addition to NetFortris’ UCaaS offering, their MSP product line delivers all the mission critical communications services that customers need to complement their ‘as a Service’ applications, such as managed network security, managed SD-WAN, managed network access, monitoring, etc. These MSP services are built upon a highly integrated, end-to-end managed network, backed up by an expert 24/7 network engineering team. NetFortris has over 6,000 customers in North America, over 60,000 seats, with very low customer concentration, and generates expected annualized revenue of just over USD $50 million.

“A critical part of our existing strategy, and of our competitive differentiation, involves providing customers with the widest set of cloud communications services in our industry, avoiding the need for them to buy five different services from five different vendors,” said Bill Wignall, President, and CEO of Sangoma. “The acquisition of NetFortris further extends that strategy in such a perfectly natural manner. Not only can customers already get from Sangoma all the ‘aaS’ products they use today, but now they will also be able to obtain all the other cloud-based MSP services they know they need, such as managed network security, managed access, and managed SD-WAN. This truly is ‘one stop shopping’ for our customers, and it taps into that very important new trend that so many of us in the industry see starting to emerge. I am most excited about this acquisition, our eleventh in eleven years, because it demonstrates our innovative, unique, forward-looking vision and it continues to push Sangoma ahead in the market, further differentiating us from the competition.”

Q Advisors, a telecom, media, and technology global investment banking boutique, acted as exclusive financial advisor to NetFortris in connection with this transaction.

‍

Bridgepointe Technologies, a leading IT strategy firm that provides unbiased solutions to help midmarket and enterprise companies meet their technology needs, today announced a strategic growth investment from Charlesbank Capital Partners. Bridgepointe raised more than $100 million in total as part of the transaction. The capital will be used to fuel continued growth including partner recruitment and enablement, service and brand expansion, and the addition of key personnel. The investment will also provide significant capital to fund acquisitions.

Based in San Mateo, CA, Bridgepointe was founded in 2002 on the principle that businesses need a strategic partner and advocate when procuring, implementing, and maintaining IT services and infrastructure. The Company's IT Strategists offer business leaders direct access to a large portfolio of vendor-agnostic solutions, employing a six-step model that starts with getting to know a client's business, challenges, and goals, and culminates in recommendations and support around supplier selection.

"As businesses are contending with the future of work, IT teams have never needed a trusted partner more for strategic guidance and tactical assistance," said Scott Evars, Bridgepointe Co-Founder. "Growing demand for our services in key areas like UCaaS, CCaaS, Data Centers, Cloud, SD-WAN and Security, means now is the time for us to maximize our growth potential. With this investment, we'll be able to fast-track customer adoption and partner recruitment, as well as enhance our offerings."

"We are proud of our accomplishments since the day we started Bridgepointe, and our mission will not change," said Brian Miller, Bridgepointe Co-Founder. "We're the market leader in helping clients find the signal in the noise and make the right technology choices at the right price. Charlesbank's strategic investment will enable us to aggressively seek out partners who do the same and to double down on supporting our customers, IT Strategists and suppliers."

"Buyers of technology today can be easily overwhelmed by a vast range of choices, solutions and integrations, and Bridgepointe's IT Strategists serve a crucial role in helping businesses save time, money and stress," said Pedro Vaz, Managing Director at Charlesbank. "We see great potential for Bridgepointe in this highly fragmented market as traditional solutions move to the cloud and the Company continues to expand its core areas of focus. We look forward to helping Bridgepointe build on its reputation and brand to capitalize on these exciting market opportunities."

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Bridgepointe in connection with the transaction.

‍

Thompson Street Capital Partners (“TSCP”), a private equity firm based in St. Louis, has announced the closing of its first Continuation Fund capitalized by AlpInvest and a leading group of limited partners.

The Continuation Fund was established to acquire Revenue Management Solutions (“RMS”) and BCM One Holdings, Inc (“BCM One”). The transaction closed with a combined enterprise value of approximately $1.2 billion and the Continuation Fund includes substantial additional capital to drive organic growth initiatives and strategic acquisitions at both companies.

The transaction was led by AlpInvest, a subsidiary of Carlyle Global Investment Solutions, and supported by a diverse group of high-quality investors, including both TSCP Fund IV and Fund V limited and general partners. The transaction includes significant equity contributions from the founders and management of both companies. BCM One, a TSCP Fund V investment, delivers managed services to support unified communications, network management and optimization, and other technical services to more than 20,000 customers and channel partners.

“Establishing our first continuation fund represents a significant event for Thompson Street Capital Partners,” said Bob Dunn, Managing Partner of TSCP. “BCM One and RMS are two of the best-performing portfolio companies in TSCP’s twenty-year history and we are excited to continue our partnership with both businesses through this vehicle.”

Geoff Bloss, BCM One’s CEO said, “The resources TSCP provides has allowed us to better assist our customers in managing complex, scalable technologies to meet their network needs while remaining focused on our own prospects for growth. We’re excited about their additional support and our ability to position ourselves for continued success moving forward as a leading managed service provider around its Next Gen Communication offerings.”

Brian Kornmann, Managing Director at TSCP, added “We are grateful to AlpInvest and all the investors who supported this effort. We have been fortunate to partner with RMS and BCM One and look forward to working closely with the executive teams and founders of the businesses to continue to aggressively pursue, and execute on, growth strategies to continue the strong performance of both businesses.”

Garrett Hall, Managing Director at AlpInvest said, “We are excited to expand our partnership with Thompson Street Capital Partners and support two exceptional companies in their continued value creation on behalf of new and existing investors.”

Q Advisors, a global TMT investment banking boutique, acted as financial advisor to BCM One in connection with the transaction.

‍

Dialpad Inc., the industry leader in AI-powered communication and collaboration, today announced its acquisition of Koopid, the premier AI-driven platform for an omnichannel customer experience (CX). The addition of Koopid technology will bring comprehensive omnichannel support, including chat, messaging, self-service, and social media, to Dialpad Contact Center. Koopid will seamlessly integrate with Dialpad Voice Intelligence (Vi™) to optimize CX through easy-to-use digital engagement and empower brands to differentiate with personalized customer service.

“The Age of the Customer has transitioned into The Experience Age where the customer, employee and end user experience is now the great differentiator.” said Craig Walker, CEO, Dialpad. “The legacy on-premises providers, along with the first generation of cloud platforms, curb their customers’ ability to meet the rapidly changing needs of the modern consumer. Koopid digital engagement technology, as well as our recent acquisition of Kare Knowledgeware, will help Dialpad lead this industry from the front with innovative solutions for the complexities of tomorrow.”

With the acquisition of Koopid, Dialpad will offer a superior omnichannel experience enabling companies to improve digital engagement with customers and build brand loyalty. The Koopid CX platform enables brands to deliver a modern, connected, and personalized customer experience within and across all digital channels. Koopid technology simplifies customer-to-company engagement and offers a broad spectrum of channels, empowering the customer to initiate contact through any channel. The infusion of Koopid’s omnichannel technology with Dialpad AI will offer companies a 360-degree view of customer interactions and synchronize conversations across all channels to boost CX by eliminating account detail repetition by the customer.

“Koopid is thrilled to join Dialpad, the fastest-growing and most innovative company in the combined Unified Communications as a Service and Contact Center as a Service space,” said Dr. Venky Krishnaswamy, CEO and co-founder of Koopid. “The contact center software industry is wide open for disruption and will be led by only the most forward-thinking organizations offering complete, cutting-edge solutions. We anticipate a bright future together and look forward to leading CCaaS innovation as part of the Dialpad team.”

“Dialpad is building agile and flexible cloud contact center solutions for the next generation of forward-thinking customer service providers and Koopid is a key piece to enhance our offering,” continued Walker. “The addition of Koopid’s revolutionary technology brings full omnichannel support to Dialpad Contact Center and offers Dialpad customers the most advanced AI-powered cloud solutions in the contact center industry.”

Q Advisors, a global TMT investment bank, acted as financial advisor to Koopid in connection with this transaction.

‍

Sangoma Technologies Corporation (“Sangoma”) (TSXV: STC), a trusted leader in delivering cloud-based Communications-as-a-Service (“CaaS”) solutions, announced that it has completed its previously reported acquisition of all of the shares of StarBlue Inc. (the parent company of Star2Star Communications, LLC, (“Star2Star”)) from Star2Star Holdings, LLC and Blue Face Holdings Limited.

“Customers today are demanding an integrated buying experience for all their communications needs and the combination of Sangoma and Star2Star will satisfy that need with the broadest set of cloud-native CaaS and related solutions in the industry,” said Bill Wignall, President and CEO of Sangoma. “This transaction ensures we can meet any customer’s preference, be it for purely cloud solutions, on-premise deployments, or a hybrid combination, all the way from small businesses to large enterprises. For many years, we have consciously pursued a strategy to transform Sangoma from a product business to one of the communications industry’s leading SaaS companies. This deal is incredibly exciting not only because it will generate scale in a growing, consolidating space, but also because by combining with Star2Star we will have completed our long-term evolution into a leading cloud services company, one with annual revenue approaching $250 million.”

Star2Star, based in Sarasota, Florida, is a privately-held leading provider of full-spectrum, internally developed, cloud-native communications services delivered via a high availability, multi-tenant platform. Star2Star targets the highest value market segments in business communications, including mid-market and enterprise size customers, through solutions that enable digital transformation. Star2Star's offerings include a comprehensive suite of voice, contact center, collaboration, integration, video meetings, Communications Platform as a Service (CPaaS), and Desktop as a Service solutions that work on any device from PC's to desk phones to mobile softphones, all accessible from anywhere.

“We are thrilled to combine forces with Sangoma because we have so many complementary strengths,” said Norman Worthington, founder and CEO at Star2Star. I’ve come to genuinely appreciate Bill’s vision for our combined companies in how we share a view on how to profitably grow in this exciting market, a viewpoint that’s unique in our industry. Sangoma was the perfect fit for us because they identified and appreciated our talented team, loyal customers and unique go to market approach."

Star2Star has a differentiated channel approach, employing over 650 active partners across multiple types of channels, from resellers and interconnects, to managed services providers and enterprise technology partners to wholesale and white label distributors.

Q Advisors, a global TMT investment banking boutique, represented Star2Star in connection with this transaction.

‍

Q Advisors and Acuity Advisors, members of a global TMT investment banking alliance, announced the joint representation of acting as the exclusive financial advisors to Mission Labs Limited (“Mission Labs”), a leading provider of Unified Communications as a Service (“UCaaS”) and Contact Center as a Service Solutions (“CCaaS”) to enterprises and the public sector in the United Kingdom, in connection with its sale to Gamma Communications plc (“Gamma”), a leading U.K. and European Cloud and Communications provider.

Gamma provides robust, innovative, and secure market-leading cloud-based services, including SIP Trunking and Hosted PBX, to enable organizations to communicate, collaborate, and offer a better customer experience. Mission Labs is a UCaaS technology business known for creating technologically advanced solutions and delivering great service to its customers and partners. This acquisition gives Gamma additional capabilities in the rapidly evolving Cloud Communications and CCaaS markets.

“We hired Q Advisors and Acuity Advisors for their deep knowledge of the cloud and managed services sectors, particularly around Contact Center and UCaaS, and their ability to understand the strategy of all the global players in the space,” commented Damian Hansen, CEO and Founder of Mission Labs. “We are excited for our new relationship with Gamma and could not be more pleased with the financial and strategic outcome for Mission Labs, our stakeholders, and employees. It was great working with advisors who listened to our objectives, first and foremost, and were able to secure an industry-leading multiple for our business.”

“We were honored to be chosen by Mission Labs and their investors, and working with them was a great experience leading to an industry-leading multiple in the CCaaS space,” said Michael Quinn, Founding Partner at Q Advisors. “Our first transaction with our new alliance partner, Acuity, was an exciting accomplishment and produced a great result for our mutual client.”

“Together with Q Advisors, we are proud to have supported Mission Labs on their sale to Gamma, with one of the highest valuations achieved in the contact center sector. This transaction in the Telecoms, Cloud, and Managed Services space has firmly established Acuity’s U.S. alliance with Q Advisors,” said Richard Baker, Managing Partner at Acuity Advisors.

Q Advisors, the leading global cloud and managed service investment bank in the sector, has closed more than 160 deals in the U.S. and Europe to date. This transaction marks the team’s 30th cloud transaction in Europe and 3rd opposite Gamma plc.

‍

Ribbon Communications Inc. (Nasdaq: RBBN) and American Virtual Cloud Technologies, Inc. (Nasdaq: AVCT) today announced that they have completed the previously announced acquisition of Kandy Communications (Kandy) by AVCT.

Kandy complements AVCT's April 2020 acquisition of Stratos Management Systems, Inc. (dba Computex Technology Solutions) by providing a full suite of UCaaS, CCaaS, and CPaaS products to serve the rapidly growing cloud communications market. Customers today demand a highly reliable, secure, and scalable communications platform along with a world class customer experience.

AVCtechnologies offers end-to-end services spanning from managed IT solutions, managed services, and cloud communications, delivered by certified experts to provide exceptional white glove customer experience to business customers, service providers, independent software vendors, and system integrators. AVCtechnologies is now positioned as a premier white label provider of choice for UCaaS, CCaaS and CPaaS.

"We are very pleased to welcome Kandy to the AVCtechnologies family," said Xavier Williams, Chief Executive Officer of AVCtechnologies. Williams added, "Kandy will be our linchpin, enabling us to provide carrier grade, global cloud communications that address the needs of medium and large enterprises. As the velocity of public, hybrid, and private cloud communications continues, we are in a fortunate position to be able to focus on execution while competitors in our space need to concentrate on platform capabilities, global expansion and improved customer experience. Kandy's world class, globally-deployed, carrier grade, white-labeled proprietary communications platform gives AVCtechnologies the ability to solve customer communication needs. Kandy's platform, significant growth trajectory, and global marquee customer and partner base, including AT&T, City of Los Angeles, IBM, and Etisalat (the largest telecom provider in the UAE), accelerates our go to market plans and enables us to expand our award-winning portfolio."

Bruce McClelland, Ribbon's CEO, stated, "We are impressed with the depth of talent and vision of the AVCtechnologies' management team and believe that with the addition of the innovative Kandy team, the company will continue to provide excellent service to channel partners and customers. We are confident that AVCT is poised to unlock additional value with Kandy, and we are excited to be a shareholder of the Company."

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Ribbon’s Kandy Communications.

‍

365 Data Centers, a leading provider of network-centric colocation and other Infrastructure-as-a-Service (IaaS) solutions, announces its acquisition of Atlantic Metro Communications, which provides tailored colocation, network and cloud services to large and mid-size enterprises. While continuing to build 365's presence in the data-intensive northeast corridor, the transaction solidifies 365's position as one of the largest, privately held IaaS providers in the Eastern U.S.

The acquisition adds a data center facility in Herndon, Virginia, along with partner-operated colocation space and available power in northern Virginia and Los Angeles. The transaction delivers 65 additional network points-of-presence (PoPs), particularly in the Boston, New York, New Jersey, Philadelphia and Virginia metro markets and several international locations. The deal also contributes cloud platforms in New York, New Jersey, Virginia, Miami and Los Angeles. 365 is now positioned to serve customers at its 13 redundantly interconnected data centers and five additional partner-operated facilities, and from 86 PoPs and seven cloud platform locations.

"This transaction is a milestone event for both companies," says Bob DeSantis, Chief Executive Officer of 365 Data Centers. "365's acquisition of a highly respected business with a track record of providing customers with high touch, hybrid infrastructure solutions is a tribute to Atlantic Metro's management and employees, who will become part of the 365 team. For 365, this acquisition expands our geographic and infrastructure footprint, complements our existing IaaS offerings, and significantly increases our customer base, revenue, and cash flow - all of which greatly benefits our customers. 365 remains strategically disciplined with a focus on network-centric colocation assets and complementary network and virtual services in edge markets within the northeast quadrant of the United States, Tennessee and Florida."

Atlantic Metro's founders and key leaders will join the 365 executive team, reporting to DeSantis. Stephen Klenert has been named 365's Senior Vice President, Customer Solutions & Implementation; James Cornman becomes 365's Chief Technology Officer; and Steve Oakie joins 365 as Senior Vice President, Sales & Marketing. "The product knowledge and expertise of these industry veterans will be invaluable as we quickly integrate into one, robust 365 brand," comments DeSantis.

"Since 2011, we've built a company that we're very proud of and did it without a lot of capital," says Matthew Lombardi, CEO of Atlantic Metro. "This transaction will enable continued growth through increased investment in infrastructure and managed services. 365 has a talented team of experienced investors, operators, and technologists who share our vision and bring enterprise-scale resources. This combined technology platform provides 365 with an advantage at an exciting time in our industry."

The Atlantic Metro acquisition continues 365's rapid growth trend. Over the last year, the company acquired colocation businesses and facilities in New Jersey and Long Island. Last month, 365 announced that Stonecourt Capital acquired a majority stake in the company and original investors Lumerity Capital and Longboat Advisors reinvested into the new partnership. That transaction provided 365 with substantial financial resources to fund its internal and external growth strategies.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Atlantic Metro. Shipman & Goodwin LLP and Polsinelli PC served as legal counsel to 365, and Ferdinand IP served as legal counsel to Atlantic Metro. Affiliated funds and accounts of Cerberus Business Finance, Everberg Capital, and ORIX Corporation USA's Special Opportunities Group provided financing for the transaction.

‍

Q Advisors, a global telecom, media, and technology (TMT) investment banking boutique, announces today that the firm has promoted four key team members to further the firm’s global growth and continued success.

Hayley Hughes Morabito promoted to Vice President. Morabito joined Q Advisors in 2014 and has executed mergers and acquisitions, debt and equity financings and strategic advisory for clients across the telecom, media, and technology (TMT) industries with an emphasis on the cloud communications, managed services, and digital media sectors.

Dominick Robusto, CFA, promoted to Vice President. Robusto joined Q Advisors in 2019. He has successfully completed several mergers and acquisitions and financings for TMT industry clients. Robusto specializes in transactions focused on digital broadband, wireless, and fiber sectors, as well as software and hardware technologies related to the Internet of Things (IoT).

Wes Faulkenberry promoted to Senior Associate. Faulkenberry joined Q Advisors in 2018 and has been working with the team on mergers and acquisitions and strategic advisory assignments for Q Advisors’ TMT clients. He will play a more prominent role leading client relationships and strategy utilizing his unique financial expertise.

Austin Foster promoted to Associate. Foster joined Q Advisors in 2018. He brings a wide range of experience and insight to his new position due to his extensive work with mergers and acquisitions and debt and equity financings in the TMT industry with a focus on enterprise software, fiber infrastructure, and managed services.

“Hayley, Dominick, Wes and Austin have been vital to the growth of Q Advisors, and we are proud to recognize their contributions to our firm’s success with these promotions,” comments Michael Quinn, Founding Partner at Q Advisors. “We are confident they will be even more effective in their new roles as Q Advisors continues to expand its global footprint.”

In addition to its M&A practice, Q Advisors’ capital markets and private placement team have extensive experience on both sides of financing transactions, having served as advisors with industry-leading financing institutions. The team has also raised significant equity and debt capital in founding and managing operating companies. This unique blend of advisory and operating experience enables Q Advisors to bring real-world solutions to financing strategies. As owners who know what it’s like to live with the terms of growth or recapitalization financing, Q Advisors is uniquely skilled at structuring institutional debt, equity, and hybrid financing to public and private companies in the telecom, media, and technology sectors.

‍

Recent News

Q Advisors Represents Voip Supply, a Business Unit of Sangoma, in its Acquisition by a Management-Led Strategic Buyer in Partnership with a Debt Financing Partner

Q Advisors Represents Grupo NGN in its Acquisition by White Label Communications, a Portfolio Company of Incline Equity Partners

Q Advisors Represents Swissphone, a Rigeto Portfolio Company, in the Sale of Selected Imasys Activities to F24 Schweiz AG, an Altor and Hg Capital Portfolio Company

Q Advisors Represents WANRack, a CBRE Investment Management Portfolio Company, in the Acquisition of its Phoenix Area Network Assets by Lightpath

Navigating the Rapidly Evolving M&A Landscape: Q Advisors’ Brian Kornmann on Cloud Connections 2025, Podcast

Q Advisors Represents STARFACE in its Acquisition by Gamma Communications

Q Advisors Represents 3millID and Third Millennium in their Acquisition by HID Global, an ASSA ABLOY Company

Q Advisors Represents Revelstoke in Acquisition of Omega Systems

Q Advisors Announces Addition of Three New Partners and Additional Promotions

Q Advisors Represents ThinkBig Networks in its Acquisition by IQ Fiber

Q Advisors Represents T-Metrics in its Acquisition by NUSO, a Portfolio Company of McCarthy Capital

Q Advisors Represents MidAtlantic Broadband in the Acquisition of its Missouri Assets by Rise Broadband, a Portfolio Company of GI Partners

Q Advisors Represents AccessPlus, a Subsidiary of RingSquared, in its Acquisition of Crocker Communications, Inc.

Q Advisors Represents Netrio in its Acquisition by L Squared Capital Partners

Q Advisors Represents Netsurit in its Debt Financing by Sunflower Bank

Q Advisors Represents Quality Uptimes Services in its Acquisition by ABM

Q Advisors Represents NUSO in its Equity Recapitalization by McCarthy Capital

Q Advisors Represents Aigent in its Acquisition by Ubiquity Global

Q Advisors Represents Senet in its Acquisition by Netmore Group

Q Advisors Represents Coolwave Communications in its Acquisition by Gamma Communications

Q Advisors Represents NUSO in its Acquisition of Mida Solutions

Q Advisors Represents G12 in Acquisition by Momentum

Q Advisors Represents CallTower in Equity Recapitalization by BV Investment Partners

Q Advisors Represents Fusion Connect in Latest Debt Financing

Q Advisors Represents Mondago in its Acquisition by Akixi

Q Advisors Represents RingSquared in Acquisition of AccessPlus Communications

Q Advisors Represents Pure IP in its Acquisition by BCM One

Q Advisors Represents Storagepipe in Acquisition by Thrive

Q Advisors Represents Viirtue in Growth Equity Financing by Ballast Point Ventures

Q Advisors Represents Westpole in the Sale of its Italian Business Unit to Cegeka

Michael McHugh Joins Q Advisors Digital Infrastructure Practice as Managing Director

Giuseppe Donagemma, Former President Europe of Nokia and CEO of Nokia Siemens Europe, Joins Q Advisors to Further Accelerate Growth

Q Advisors Represents LiveOak Fiber in Acquisition of Alma Telephone Company’s Fiber Network Assets in Glynn and Camden Counties

Q Advisors Represents zLinq in Growth Equity Financing by McCarthy Capital

Q Advisors Represents Dstny in its Acquisition of easybell

Q Advisors Represents Intrado in Acquisition of OnSIP by Ooma

Q Advisors Acts as Exclusive Financial Advisor to 11:11 Systems in its Acquisition of Sungard Availability Services’ Cloud and Managed Services Business

Q Advisors Represents Stilmark in Connection with its Acquisition by OMERS Infrastructure

Q Advisors Represents Intrado in Connection with its Enterprise Voice and Network Transaction with Fusion Connect

Q Advisors Acts as Exclusive Financial Advisor to Meriplex in its Acquisition by New Majority Shareholder, Vitruvian Partners

Q Advisors Acts as Exclusive Financial Advisor and Placement Agent to 11:11 Systems in its Acquisition of Static1

Q Advisors Represents Visionary Broadband in Strategic Equity Investment by GTCR

Q Advisors Represents 11:11 Systems in its Acquisition of Unitas Global’s Managed Service and Cloud Assets and Cleareon Fiber Networks’ Connectivity Assets

Q Advisors Represents NetFortris in Acquisition by Sangoma

Q Advisors Represents Flowroute in Acquisition of Assets by BCM One

Q Advisors Brings Noteworthy Speaker Lineup to Cloud Comms Summit London 2022

Q Advisors Acts as Exclusive Financial Advisor and Placement Agent in Connection with CallTower’s Acquisition of OneStream Networks

Q Advisors Represents Akixi in Equity Recapitalization by Axiom Equity and True North Advisory

Q Advisors Represents NextLevel Internet in its Acquisition by Digerati

Q Advisors and Unreasonable Group Announce Strategic Partnership

Q Advisors Represents Bridgepointe Technologies in Equity Recapitalization by Charlesbank Capital Partners

Q Advisors Represents BCM One in Equity Recapitalization by Thompson Street Capital Partners

Q Advisors Represents 11:11 Systems in its Acquisition of iland

Q Advisors Represents Magna5 Telecom in its Acquisition by RingSquared

Q Advisors Celebrates 20th Anniversary Milestone

Q Advisors Represents Koopid in its Acquisition by Dialpad

Q Advisors Represents Green Cloud Defense in its Acquisition by 11:11 Systems

Q Advisors Represents Telestax in its Acquisition by Mavenir

Q Advisors Represents WCS in its Acquisition by Thompson Street Capital Partners Platform BCM One

Q Advisors Represents Mitel in the Sale of its Telepo Division to Destiny

Q Advisors Represents Brodynt in its Acquisition by Expereo

Q Advisors Represents Telco Experts in its Acquisition by Evergreen Services Group

Q Advisors Represents ALLOcloud in its Acquisition by Telavox

Q Advisors Represents Destiny in its Acquisition of Soluno

Q Advisors and Acuity Advisors Represent Innoveo in its Equity Financing by Paulson & Co

Global Banking Finance & Review - The Impact of a Disruptive Year: Six Emerging Cybersecurity Themes for 2021

Now Available: Consolidation or Marginalization - What’s Next for Cloud Comms and Collaboration Presentation

Q Advisors Represents Star2Star in its Acquisition by Sangoma

Now Available On-Demand: Q Advisors Cloud Comms Summit Europe Fireside Chat

Q Advisors Joins Cloud Comms Summit Europe

Q Advisors and Acuity Advisors Represent Mission Labs in its Acquisition by Gamma Communications

Q Advisors Represents Green Cloud Technologies in its Acquisition of Cascade Defense

Q Advisors Talks to JSA TV about the Outlook for M&A Global Transactions

Q Advisors Represents Absolute Performance in its Recapitalization by Seaside Equity Partners

Q Advisors Advises Thompson Street Capital Partners on its Acquisition of SkySwitch

Q Advisors Represents Ribbon Communications in Its Sale of Kandy to American Virtual Cloud Technologies

Q Advisors Continues European Expansion with New Office in Munich and Appoints Kristian MacCarter as Managing Director

Q Advisors Represents Atlantic Metro in its Acquisition by 365 Data Centers

Global Fintech Series - The Future Face of Cloud Native Computing