Financial Advisor
CBTS
M&A Advisory
A Subsidiary Of
Has Acquired
Transaction Details
- On February 20, 2017, CBTS, a wholly owned subsidiary of Cincinnati Bell (NYSE: CBB) and leading technology provider, announced the acquisition of SunTel Services, a provider of network security, data connectivity, and unified communications solutions based in Michigan
- This transaction will expand CBTS’ presence in the Midwest, building on its existing sales offices in Cleveland, Columbus, Indianapolis and Louisville
- Stephens Inc. is serving as the exclusive financial advisor to CBTS
- The transaction is not subject to regulatory approval, and is expected to close in the next 30 days
About the company
About CBTS:
CBTS combines the data networking capabilities of Cincinnati Bell with next-generation managed services that provide companies with flexible solutions for end-to-end IT deployment. CBTS serves enterprise customers across the world and has established a competitive advantage through its unique Hybrid IT Services model. CBTS has expertise both as a Value Added Reseller (VAR) and as a Managed IT Services Provider. The CBTS business model can help organizations increase productivity and operational efficiency while reducing costs and risks through solutions that focus on business continuance, compliance, security, and technology infrastructure. CBTS holds over 1,900 vendor certifications spread over 35 separate IT vendors, and offers multiple solutions and services. For more information on CBTS, go to www.cbts.net.
About Cincinnati Bell Inc.:
With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE:CBB) provides integrated communications solutions – including local and long distance voice, data, high-speed Internet and video – that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, enterprise customers across the United States rely on CBTS, a wholly-owned subsidiary, for efficient, scalable office communications systems and end-to-end IT solutions. For more information, please visit. www.cincinnatibell.com
About SunTel Services:
SunTel Services, founded by brothers Gary and Don Jackson in 1986, is headquartered in Troy, MI, with satellite offices in Traverse City, Flint, Grand Rapids and Detroit. SunTel provides complete life-cycle services for voice, data, security and unified networks to companies in all major sectors of industry, including Healthcare, Manufacturing, Financial, Education and Government. For more information, please visit http://www.suntel.com/Company.aspx.
Source: Public filings, Company press releases and websites.
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