Protegrity Advisors Guides Tele-Verse in Stock Sale During Pandemic
Protegrity Advisors, a leading merger and acquisition advisory and business valuation firm, is pleased to share that our team served as the exclusive advisor for Tele-Verse Communications, a Long Island-based company whose stock was acquired by CCi Voice, formerly LeBlanc Communications Inc., based in Connecticut. Despite current transaction challenges due to COVID-19, Protegrity was able to guide our client to a rewarding and efficient close.
In business for almost 40 years, Tele-Verse has proudly provided telecommunications-related products and services to customers throughout the tri-state area. The strategic acquisition by CCi Voice enables it to expand its coverage area. The buyer will be leasing our clients office space in Holtsville and continuing the operations, which will keep jobs on Long Island, and will also maintain an additional revenue stream for our client, who owns the building.
COVID-19 has severely disrupted plans for business owners, but there is opportunity out there for those looking to sell. Our mission for this transaction was to get creative, adjust where necessary, mitigate delays, and get our client to closing. Weâ€™re happy to have accomplished this, said Robert Pospischil, Senior Advisor.
If you are a business owner that is preparing to sell or just weighing your options, contact us today for a no-obligation consultation: (631) 619-6745.