CINCINNATI, Feb. 20, 2017 – CBTS, a wholly owned subsidiary of Cincinnati Bell (NYSE: CBB) and leading technology provider, today announced the acquisition of SunTel Services.
SunTel Services is a regional provider of network security, data connectivity, and unified communications solutions based in Troy, Michigan. Following the close of the transaction, SunTel’s co-founders Gary Jackson and Don Jackson will continue to lead the organization and will also spearhead CBTS’ expansion in the Michigan market. This transaction will expand CBTS’ presence in the Midwest, building on its existing sales offices in Cleveland, Columbus, Indianapolis and Louisville.
“SunTel Services has created a strong business through its focus on providing effective solutions and building long-term relationships with customers,” said Scott Seger, Senior Vice President and General Manager for CBTS. “We believe CBTS’ set of solutions and services will benefit SunTel Services’ existing customer base, and SunTel will help grow our footprint throughout the Midwest.”
“We are excited to be part of the CBTS family and to leverage its expanded set of capabilities,” said Gary Jackson, SunTel’s co-founder. “CBTS is a market leading IT solutions and services provider and shares our customer-focused vision of building trust through execution and delivering value.”
Stephens Inc. is serving as the exclusive financial advisor to CBTS and Quarton International is serving as the exclusive financial advisor to SunTel Services.
The transaction is not subject to regulatory approval, and is expected to close in the next 30 days.
About SunTel Services
SunTel Services has provided complete life cycle services for unified communication services as a Michigan based company since 1986. With more than 1,000 customers and over 2,500 installations, SunTel offers a wide breadth of expertise and product offerings to customers across the automotive, manufacturing, government, healthcare, education, finance, professional services and technology sectors.
With certifications in all critical network services, SunTel offers service programs up to and including management of customer networks. The company holds key partnerships and certifications with industry technology leaders, such as Adtran, APC, Avaya, Blue Coat, Check Point, Citrix, Cisco, Dell, Fortinet, HP, Infoblox, Juniper Networks, Microsoft, Mitel, Polycom, Pulse Secure, Symantec and VMware. For more information, please visit www.suntel.com.
