NewswireToday - /newswire/ -
Englewood, CO, United States, 2007/06/21 - Chain Telecom, a Chicago, Illinois corporation recently purchased Telecom Affiliates, a Colorado Corporation and E-Telco Agents also incorporated in the state of Chicago.
Corporate Acquisitions Group (CAG) represented the buyer in this purchase, as well as Telecom Affiliates to ensure a smooth sale for both parties. The date of official transfer of ownership was September 12, 2006. All assets, employees, and clients are now serviced by Chain Telecom.
Chain Telecom currently represents over 2,500 telecom clients for local data equipment and internet services, which are provided by the major telecommunications companies primarily in the Midwest and Rock Mountain Region.
With the acquisition of Telecom Affiliates and E-Telco Agents Chain Telecom adds to its already impressive stable of assets that will ensure its future as a powerful force in the telecom industry.
This multimillion dollar sale was facilitated with the help of Corporate Acquisitions Group, representing both the buyer and one of the purchased companies. Corporate Acquisitions Group is based in Colorado, and specializes in representing businesses, private equity firms, hedge funds, and high net worth individuals in both finding businesses for sale, and helping to facilitate the sale of existing client businesses.
“Chain Telecom is pleased to acquire the businesses of both Telecom Affiliates and E-Telco Agents. The transaction was smooth, and we are pleased with the valuable assets gained from the purchase. We believe this acquisition will provide the needed resources for the continued growth of Chain Telecom as a company.” Explains John Sparks.
As the telecom industry continues to consolidate, the acquisition of both Telecom Affiliates and E-Telco Agents illustrates the further consolidation of such companies purchased by larger organizations in an effort to increase profitability without incurring unreasonable costs in the process.
Corporate Acquisitions Group (cagglobal.com) provided the valuation of the companies purchased, as well as consulting for both the buyer and one of the sellers in the transaction.
For more information on Corporate Acquisitions Group please visit our website.