TelePacific Completes Acquisition of Tel West
LOS ANGELES, Oct. 25, 2011 /PRNewswire/ — U.S. TelePacific Corp., which does business as TelePacific Communications (TelePacific), a communications and network services company, today announced it has completed the acquisition of Tel West Network Services Corporation (Tel West), headquartered in Austin, Texas.
The acquisition instantly gives TelePacific a strong presence in Texas, the fastest-growing small and medium business market in the nation. TelePacific also gains 3,600 business accounts and a fiber network serving six metropolitan areas.
“Entering the Texas market is a strategic milestone for TelePacific,” said Dick Jalkut, President and CEO of TelePacific. “We could not have found a better partner than Tel West to help achieve that goal. Tel West is one of the fastest-growing companies in Texas, offering exceptional products and service. We can combine their success with TelePacific’s expanded service offerings to create the leading communications service provider in Texas.”
TelePacific, whose largest shareholders are private equity investors, has completed eight highly accretive acquisitions since 2002. The addition of Texas to TelePacific’s California and Nevada service footprint positions the telecommunications provider to cover approximately 20% of the small and medium businesses in the country.
Tel West will continue to operate under its own name and under the leadership of Jeff Swickard, who will remain President of Tel West. The combined company will be headquartered out of TelePacific’s Los Angeles corporate office and led by Chairman and Chief Executive Officer Dick Jalkut.
About TelePacific Communications
TelePacific Communications (www.telepacific.com) is a network services company serving small- and medium-business customers. Headquartered in Los Angeles, the Company meets the needs of growing businesses nationwide. TelePacific offers a host of IP, voice, data and Internet services, as well as business continuity, cloud and managed network solutions.
About Tel West
Tel West Network Services Corporation (www.telwestservices.com) is a facilities-based Internet, data and voice communications provider that specializes in cost-effective telecommunications services for small, medium and enterprise businesses. Originally headquartered in Austin, Texas, but now part of the TelePacific family of companies, headquartered in Los Angeles, California, the company’s local network presence spans six major metropolitan areas including Dallas, Austin, San Antonio, Houston, Fort Worth, and Corpus Christi.
SOURCE TelePacific Communications