TNCI Operating Company has announced the completion of its operational merger with Impact Telecom.
Bob Beaty will be the president and CEO of the merged entity, and Laura Thomas, former CEO of TNCI, will become chairman of the Board of Directors.
TNCI systems and operations will be combined with Impact Telecom’s existing infrastructure to form the new Impact Telecom, which will be positioned to serve businesses and carriers with retail and wholesale voice, messaging, cloud and unified communications needs.
“The combined Impact Telecom and TNCI infrastructure creates a robust nationwide network along with enhanced product capabilities backed by a dedicated team of experts. Our customers will notice the difference,” Beaty said.
“Garrison believes in the growth of this telecom platform,” said Joshua Brandt, managing director at Garrison Investment Group. “The operational combination of Impact Telecom and TNCI represents a significant milestone in our progress. Both companies are facilitating a smooth integration and we look forward to benefits of the merger for our customer base.”
The transaction received approvals of the FCC and applicable state regulatory authorities. Financial terms of the transaction were not disclosed.
Q Advisors LLC, a leading global world‐class boutique investment bank, acted as the exclusive financial advisor to TNCI in connection with the transaction.