Matrix Telecom, a provider of voice and data services, has agreed to acquire substantially all the customer relationships and assets of Irving-based Comtel Telcom Assets, operating as Excel Telecommunications from Denham Capital, an energy and commodities-focused global private equity firm.
The company said that Excel provides a suite of integrated voice and data communications products and services to residential, commercial and carrier customers. Excel provides Matrix with complementary network coverage, switching, back-office technologies, loyal customers and an experienced, customer-centric work force.
Matrix said that the acquisition is its third in the last four years, having integrated the small business group of Global Crossing in 2006 and certain assets of the former Trinsic Communications in 2007.
Charles Taylor, president and CEO of Matrix, said: “By acquiring Excel, we are demonstrating our commitment to making Matrix the highest-quality, most affordable choice for wholesale voice services in the telecommunications industry. This acquisition builds on other recently announced Matrix initiatives to broaden its domestic and international wholesale voice services offering.”
The transaction is expected to close in the second quarter of 2010 and is subject to, among other conditions, receipt of approvals of the FCC and applicable state regulatory authorities.
