Auctus Group, Inc. (www.auctusgroupinc.com/services), a Chicago based Investment Banking Firm is pleased to announce its role as the exclusive advisor to Digital West in its acquisition of Norcast Telecom with a mezzanine debt and minority equity investment provided by Farragut Capital Partners. The transaction was announced by Reginald McGaugh, Senior Managing Director & Partner of Auctus Group, Inc. "It was truly a pleasure working with the management teams of both companies and meeting everyone's expectation to complete this transaction," said Reginald McGaugh.
Digital West Networks Inc. has acquired Norcast Telecom Networks to create what they're calling the Central Coast's single largest business infrastructure provider — with about 60 employees and more than 2,500 customers ranging from small businesses to Fortune 500 companies. The firms expect to be fully integrated within six months, according to Tim Williams, who will be CEO of the new company. "We were extremely impressed with the team at Auctus Group, Inc. and we look forward to their support for our future acquisitions," said Williams.
The two companies have worked closely together for more than 10 years — with many of the same customers — and have talked on and off about merging during that time, according to Norcast President Jeff Buckingham. Both companies have about 30 employees and share common values, including a commitment to innovation, fostering win-win relationships and extensive community involvement, he said, adding that the acquisition is a true collaborative effort. Buckingham will become the combined company's President and Chief Client Officer. Michael Boyer will remain as Chief Operating Officer and Sandy Davis will remain Chief Financial Officer.
Source: http://finance.yahoo.com/news/auctus-group-inc-announces-digital-151700828.html
