We are pleased to announce the sale of our client Taylor Telecommunications, Inc. to Verità Telecommunications Corporation. The deal funded and closed on January 1, 2023.
Taylor Telecommunications (Taylor), located in Mogadore, Ohio, is a telecommunications and utility infrastructure construction contractor providing a variety of cable-specific services to businesses. These services include the installation of cable, construction of aerial lines and underground cable, splicing and hanging fiber optics, wiring of internet service, and equipment installation. With a superb reputation, strong customer relationships, and an experienced management team, Taylor is well-positioned for continued growth.
Plymouth, Michigan-based Verità Telecommunications Corporation (Verità) is a turnkey telecommunications contractor offering a one-stop shop for design and construction of telecommunications networks. Verità provides tomorrow’s communications infrastructure today.
Verità currently provides single-source solutions for telecommunications providers such as AT&T, Verizon, Charter, Everstream Solutions, Comcast, T-Mobile and Dish in several other states including Illinois, Michigan, Indiana, Missouri and other areas in Ohio.
With advanced equipment, state-of-the-art technology and a skilled team, Verità is dedicated to becoming a seamless part of the success of each project. From design and engineering to wireline and wireless construction, Verità’s full scope of services and team are focused on building the future of infrastructure to support continued access to reliable connectivity, regardless of location.
“More than profitability, it is about prioritizing the people and culture of the organization to succeed with continued progressive growth and development for our team and our clients,” said Verità’s President, Michael Falsetti of the acquisition.
Falsetti added, “What this means in terms of growth and advancement for Verità includes Taylor’s 130 employees, trucks, tools and equipment, with added coverage in Cleveland, Akron, Youngstown, and Columbus. This expansion is expected to create an additional 100 jobs in the Great Lakes Region as well. In addition, the acquisition is expected to be a 70% revenue increase for the Company in 2023. We look forward to welcoming the Taylor team to the Verità Family. Together we will serve Ohio, the Great Lakes Region and the Southeast Region with an increased depth of service, expertise and expanded team.”
“Taylor Telecommunications has been connecting our community for 40 years. As we move forward together with Verità our teams will continue to provide seamless connectivity with expanded capabilities across the Great Lakes and Southeast region,” said Tam Taylor, Founder of Taylor.
“Bridging the digital divide is crucial to the growth and advancement of our communities in the Great Lakes and Southeast regions. The continued expansion of Verità brings the strengths and expertise of longstanding telecommunication companies together to provide a full scope of services to the region,” added Falsetti.
Generational Capital Markets’ Sr. Managing Director Mergers & Acquisitions, Tom Staszak, with the support of Vice President M&A, Chris Wolf, successfully closed the deal. Senior Managing Director Roger Dean established the initial relationship with Taylor.
“Tam Taylor was focused on selling to a buyer that would provide opportunities for Taylor’s employees while continuing to provide exceptional service to the Company’s customers. Verità was the perfect choice,” said Staszak.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Technology, Media & Telecom M&A Deals page.
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Group’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Group to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Group is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.