SEATTLE, Jan. 30, 2019 /PRNewswire-PRWeb/ -- Merit Harbor Capital, a Tacoma, WA based middle market investment bank, is pleased to announce the partnership of Legacy Telecommunications, Inc. ("Legacy") and Enertech Resources Holdings ("Enertech"), a portfolio company of Tower Arch Capital.
"We could not be more pleased to find the ideal partner for Legacy Telecommunications in Enertech and Tower Arch Capital. The shared values of these two companies along with their unparalleled commitment to safety and quality service will no doubt make them the to go-to provider in wireless infrastructure solutions throughout the markets they serve," commented Craig Dickens, CEO of Merit Harbor Capital.
Co-founded by father and son team Jim Tracy & Ryan Tracy, Legacy Telecommunications has long-term strategic relationships with some of the world's largest Telecoms and is known as a service provider with the highest level of expertise providing quality service and responsiveness. Legacy is headquartered in Olalla, WA and effectively serves the greater Pacific Northwest market including Washington, Oregon, Idaho, Montana and Wyoming.
"We are very happy for the Tracy family and Legacy employees in that they have found a great partner to continue their stellar reputation for sustainable growth in the dynamic and fast moving wireless sector. Legacy and Enertech are a powerful strategic fit. I look forward to seeing what they can do together," Dickens adds.
"We enjoyed working with the Merit Harbor team on Enertech's recent partnership with Legacy Telecommunications as they were very professional and were invaluable in keeping the process moving. The transaction team at Merit Harbor kept the sellers updated and well informed," said David Parkin, Partner at Tower Arch Capital.
Legal advisory was provided by Carl Peterson of the Tacoma law firm Eisenhower Carlson.
Accounting & Diligence support was provided by Leffel, Otis & Warwick.
Acquirer legal advisory was provided by Alan Bell of Dorsey & Whitney.
Acquirer Accounting & Diligence support was provided by RSM.
About Tower Arch Capital
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund. They focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million.
About Merit Harbor Capital
Merit Harbor Capital is a leading Boutique Investment Bank focused on serving middle market companies. They are a client-focused team of experienced entrepreneurs, operating executives, and investment bankers with expertise in a broad range of industries. Merit Harbor, member FINRA / SIPC, is a full-service Broker Dealer licensed in 50 states executing sell-side and buy-side M&A transactions, debt and equity capital raises, corporate finance, real estate development and project finance.
Learn more at http://www.MeritHarborCapital.com.
SOURCE Merit Harbor Capital
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