2020 is proving to be successful for Q Advisors with another acquisition deal in the books so far this year. TPx Communications announced the completion of its previously announced acquisition by affiliates of Siris Capital Group, LLC (“Siris”). Terms of the transaction were not disclosed. Q Advisors, a global TMT investment banking boutique, acted as the financial and strategic advisor to TPx Communications in this transaction.
“Q Advisors has been TPx’s trusted M&A advisor for over five years, offering expertise and guidance on our initial transformational cloud and managed services transaction, all the way through our successful sale to Siris Capital. The firm has provided top-notch strategic advice and, in many ways, has acted as an extension of our management team, providing critical support and deal insight on each transaction.” – Dick Jalkut, President and CEO, TPx Communications
For more than two decades, TPx has delivered critical communications services to business, government and nonprofit customers, today serving approximately 25,000 enterprises with more than 50,000 locations across the United States. Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions.
Read the full announcement here.