TAMPA, Fla., June 9, 2014 (GLOBE NEWSWIRE) -- Skyway Capital Partners, an investment banking firm that specializes in advising middle market companies, has announced the sale of Pearce Services, Inc. to Willcrest Partners, LLC.
"It is always gratifying to have met, and in this case, exceeded our client's two primary goals of achieving an optimal value for the business and placing the business under the stewardship of a group like Willcrest Partners," says Scott Feuer, CEO of Skyway Capital Partners. "Willcrest will provide the additional infrastructure and operational expertise to leverage Pearce's leadership position in its marketplace, which should continue to fuel its already impressive growth."
Founded in 1981 and based in Paso Robles, Calif., Pearce began as a provider of repair services for local telephone companies and pioneered the market for repairing and expanding electronic and cross-connect cable boxes. Pearce currently delivers highly specialized engineering, maintenance and repair solutions for both wired and wireless communications infrastructure assets for broadband telecommunications customers across 40 states.
"We are extremely pleased with the purchase, especially given the strong team at Pearce that is continuing a tradition of high quality service, efficiency and safety," says Bret Forster, Partner, Willcrest Partners. "We appreciated Skyway's professionalism to help bring this investment to a successful closing for all the parties involved."
About Skyway Capital Partners
With sector experience and broad relationships in industries including Technology, Media & Telecommunications, Healthcare, Real Estate, Industrials and Consumer, Skyway Capital Partners (www.skywaycapital.com) provides advisory services with a focus on capital raising and mergers and acquisitions. Over the course of their careers, Skyway's team members have been involved in excess of $50 billion in transaction volume, including approximately $1.5 billion in middle market transactions completed at Skyway.
About Willcrest Partners
Willcrest Partners is a San Francisco-based private investment firm with long-term capital from family office investors. The firm is focused on providing equity capital to $1-5M EBITDA, B2B businesses in the Western U.S. With a team of company builders, entrepreneurs and investors, the members of Willcrest seek active partnerships with high quality, growing companies.
Securities transactions are executed through our FINRA registered broker-dealer, Skyway Advisors, LLC.