Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that they have acquired nexVortex, a Herndon, Virginia-based provider of managed network SIP trunking services to more than 6,000 customers – bringing the total of BCM One customers to 17,000.
Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to nexVortex. Terms of the transaction were not disclosed.
Geoff Bloss, BCM One’s CEO said, “The opportunity to acquire nexVortex (www.nexvortex.com) presented a compelling opportunity for BCM One to grow its industry-leading SIP platform and continue to aggressively expand its managed services footprint. We are excited to continue growing the business Wes Rogers and Fred Fromm founded and developed.”
As part of the acquisition, BCM One expands its market area to include offices in Herndon, Virginia and Grand Rapids, Michigan. These new BCM One offices will be managed by Lita Miller and Mike Nowak – current employees of nexVortex – respectively.
Read the full announcement here.
When we first met Q Advisors we were just starting to contemplate the possible sale of our business. Q Advisors’ knowledge of our industry is exceptional and was invaluable to the process. As they led us through that process, they took the time to get to know us and the unique attributes of nexVortex. They did a great job positioning our business and their senior-level relationships with potential buyers helped identify several options. They managed the entire process with a high degree of professionalism, and we appreciated their hands-on approach to every step. We achieved a great outcome and highly recommend the Q Advisors team.Wes Rogers, Founder and COO nexVortex, Inc
Fred Fromm, CEO, nexVortex, Inc