DALLAS–(BUSINESS WIRE)–Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Taylor Telecommunications, Inc. to Verità Telecommunications Corporation. The deal funded and closed on January 1, 2023.
Taylor Telecommunications (Taylor), located in Mogadore, Ohio, is a telecommunications and utility infrastructure construction contractor providing a variety of cable specific services to businesses. These services include the installation of cable, construction of aerial lines and underground cable, splicing and hanging fiber optics, wiring of internet service, and equipment installation. With a superb reputation, strong customer relationships, and an experienced management team, Taylor is well-positioned for continued growth.
Plymouth, Michigan-based Verità Telecommunications Corporation (Verità) is a turnkey telecommunications contractor offering a one-stop shop for design and construction of telecommunications networks. Verità provides tomorrow’s communications infrastructure today.
Verità currently provides single source solutions for telecommunications providers such as AT&T, Verizon, Charter, Everstream Solutions, Comcast, T-Mobile and Dish in several other states including Illinois, Michigan, Indiana, Missouri and other areas in Ohio.
With advanced equipment, state-of-the-art technology and a skilled team, Verità is dedicated to becoming a seamless part of the success of each project. From design and engineering to wireline and wireless construction, Verità ’s full scope of services and team are focused on building the future of infrastructure to support continued access to reliable connectivity, regardless of location.
“More than profitability, it is about prioritizing the people and culture of the organization to succeed with continued progressive growth and development for our team and our clients,” said Verità’s President, Michael Falsetti of the acquisition.
Falsetti added, “What this means in terms of growth and advancement for Verità includes Taylor’s 130 employees, trucks, tools and equipment, with added coverage in Cleveland, Akron, Youngstown, and Columbus. This expansion is expected to create an additional 100 jobs in the Great Lakes Region as well. In addition, the acquisition is expected to be a 70% revenue increase for the Company in 2023. We look forward to welcoming the Taylor team to the Verità Family. Together we will serve Ohio, the Great Lakes Region and the Southeast Region with an increased depth of service, expertise and expanded team.”
“Taylor Telecommunications has been connecting our community for 40 years. As we move forward together with Verità our teams will continue to provide seamless connectivity with expanded capabilities across the Great Lakes and Southeast region,” said Tam Taylor, Founder of Taylor.
“Bridging the digital divide is crucial to the growth and advancement of our communities in the Great Lakes and Southeast regions. The continued expansion of Verità brings the strengths and expertise of longstanding telecommunication companies together to provide a full scope of services to the region,” added Falsetti.
Generational Capital Markets’ Sr. Managing Director Mergers & Acquisitions, Tom Staszak, with the support of Vice President M&A, Chris Wolf successfully closed the deal. Senior Managing Director, Roger Dean established the initial relationship with Taylor.
“Tam Taylor was focused on selling to a buyer that would provide opportunities for Taylor’s employees while continuing to provide exceptional service to the Company’s customer. Verità was the perfect choice,” said Staszak.
About Generational Capital, LLC
Generational Capital, LLC, is a Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at https://www.gencm.com/.
Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018, Valuation Firm of the Year in 2020, North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year.
GCM’s most recent awards include The M&A Advisor’s 2020 Information Technology Deal of the Year ($10MM-$25MM) and 2020 Private Equity Deal of the Year ($25MM-$50MM).