Salt Lake City, UT — CCI Network Services LLC (“CCI” or the “Company”), a provider of diversified telecom services, is excited to announce that it has partnered with and secured a significant equity investment from Utah-based Tower Arch Capital (“Tower Arch”).
The Company designs, provisions, and manages customized and mission-critical voice, data and cloud solutions for business customers. FocalPoint Securities, LLC (“FocalPoint”) served as the exclusive financial advisor to the Company. Financial terms of the transaction were not disclosed. Tower Arch’s investment has been committed to fuel geographic expansion, grow capabilities in a number of key verticals, and to support future strategic acquisitions.
CCI Founder, Christopher Nottoli, stated, “CCI has grown tremendously since we founded the business 16 years ago. We built a strong team focused on delivering the highest quality customer service, reliability, and cost-efficient telecom services, which has made us a trusted partner to our industry-leading clients. The FocalPoint team understood the importance of our customer-focused approach and identified a partner that shared those values. I felt strongly that Tower Arch was the right partner for CCI’s future and am excited to work alongside them.”
“We have been experiencing rapid growth and were looking for a partner that could help us accelerate our current trajectory. The team is looking forward to new growth opportunities, expanding services with additional technology offerings, and continuing to solve our customers’ most complex problems,” said Christopher Gose, CCI’s President. He added, “FocalPoint was patient and thoughtful throughout the process, ensuring that we found a partner that had the same objectives and would be supportive with our plans.”
“We are very excited about the leadership team and the growth prospects at CCI Network Services,” commented David Parkin, Partner at Tower Arch. “The Company is run by best-in-class operators and we could immediately see a clear path to continued success. The network reliability and superior customer service that are core to CCI’s value proposition distinguished the Company from other carriers and will continue to drive their success.”
Muizz Kheraj, Managing Director and Leader of FocalPoint’s Technology, Media and Telecom practice, said, “The changing landscape in telecom, impacted by the pervasiveness of cloud-based solutions as well as the evolution to 5G, is an area of constant focus for our TMT team. It was a pleasure to represent CCI Network Services on this successful transaction. CCI’s unique service offering and Tower Arch’s expertise are an ideal combination. The Company’s impressive book of blue-chip clients will only continue to grow with Tower Arch as a partner.”
Duane Stullich, Managing Partner of FocalPoint, commented, “We are excited to have worked on this mandate for CCI, the Company’s founders and its employees. This transaction represents another successful outcome for FocalPoint’s Technology, Media and Telecom practice, and we are proud to have been able to work with these two organizations to deliver this result.”
About CCI Network Services
Headquartered in Salt Lake City, Utah, CCI is a consulting and networking telecom carrier with over 15 years of experience designing customized, mission-critical voice, data, and cloud solutions for its blue-chip clients. In addition to providing higher uptime and reliability than its competitors, CCI also secures competitive prices for its clients by leveraging the Company’s deep and long-standing vendor relationships. For more information about CCI, please visit www.ccicom.com.
About Tower Arch Capital
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund that focuses on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve full potential. For more information, please visit www.towerarch.com.
About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements, financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, New York, and Shanghai, the firm has provided advisory services to middle market clients across industry sectors since 2002: business services, consumer, energy, financial services, healthcare, industrials, and media/technology. For more information, please visit www.focalpointllc.com and follow us on LinkedIn and Twitter.