“Allegiance Capital did an exceptional job of understanding our goals and ultimately they identified a buyer and crafted a transaction that met our goals and provides a bright future for our organization,” Don Riggs - owner Future Telecom.
Dallas, TX (PRWEB) January 30, 2014
Allegiance Capital Corporation, a Dallas-based private M&A investment bank that specializes in middle market transactions, announced today that it has facilitated the recapitalization of Future Telecom, Inc. Allegiance Capital acted as the exclusive financial advisor to Future Telecom. Financial terms of the acquisition were not disclosed.
Future Telecom is a Mesquite, TX based specialty-boring company primarily serving the communications and energy industries. It is the primary and, in many cases, sole maintenance service provider in Dallas-Ft. Worth and Houston, TX for the largest telecom and fiber backbone companies in the industry.
Founded in 1999 by Don Riggs and David “Jocko” Helmers, the company has extensive knowledge in the Dallas and Houston markets that includes experience with more than 70% of the fiber-fed buildings. To satisfy the continually growing demand for bandwidth for its customers, the company has successfully completed thousands of miles of construction and communication installations. Future Telecom’s energy services division has experienced tremendous growth and offers superior customer service to oil producers throughout the region.
“The Tower Arch team has extensive experience in the utility and energy services industries, which made them a very attractive partner for our business, management team, employees, and customers,” said Don Riggs, Founder and CEO of Future Telecom. "Tower Arch will be a valuable advisor as we continue to find ways to grow Future Telecom’s industry leading service offering and strengthen our ability to deliver differentiated solutions to the telecom and energy industries."
Ryan Stratton, Partner at Tower Arch Capital added, “Future Telecom has a 15-year history of superior customer service and exceptional revenue growth. We look forward to working jointly with Don and the management team to expand the company both organically and through select acquisitions.”
The transaction was designed to meet the needs of both the buyer and seller as Fred McCallister, Sr. Vice President at Allegiance Capital describes, “Don and Jocko each had unique goals that needed to be met in a transaction. Our deal team was able to create a transaction structure, with an outstanding financial partner that met each of their respective needs. Future Telecom and Tower Arch Capital have a shared sense of values and vision for how the company can continue its consistent and profitable growth.”
“Allegiance Capital did an exceptional job of understanding our goals and ultimately they identified a buyer and crafted a transaction that met our goals and provides a bright future for our organization,” stated Don Riggs.
Fred McCallister and Brent Earles of Allegiance Capital Corporation managed the Future Telecom transaction. Allegiance Capital is currently involved in several engagements with other telecom, healthcare, oil and gas related manufacturing and rental companies. To view a list of current engagements, visit http://www.AllCapCorp.com. For information on how to sell a business, call 214-217-7750.
About Tower Arch Capital
Tower Arch Capital is a private equity investment firm focused on partnering with and growing high-quality founder and family-owned businesses. Tower Arch provides operational, strategic, and financial support to accelerate growth and enhance shareholder value. For more information on the firm, please visit: http://www.towerarch.com.
About Future Telecom
Future Telecom, Inc. with headquarters in Mesquite, TX, was founded in 1999 by Don Riggs and David “Jocko” Helmers. The Company primarily serves Texas and the surrounding states. Future Telecom excels on difficult projects. Difficult bores, installations in congested urban areas, such as downtown Dallas or downtown Ft. Worth are their specialty. Future Telecom uses the latest technologies when executing its projects. The Company’s technicians have perfected the use of sonde locating methodology and ground-penetrating radar. Even though these technologies are available to other companies, Future Telecom has developed their expertise to a point that it has become a quality and competitive differentiator.
About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Allegiance Capital Corporation was recently named to American City Business Journal’s distinguished list of Who’s Who in Energy 2013, in addition to being named third on the list of 2011 Largest Investment Banking Firms in North Texas by the Dallas Business Journal. Allegiance Capital Corporation has won multiple awards recognizing the value it delivers to clients, including 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), and 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog by visiting http://www.allcapcorp.com/blog. Follow Allegiance Capital Corporation on LinkedIn and Twitter: @ALLCAP.