NEW YORK, NY- June 27, 2021 - Leading voice and data telecommunications provider, Telco Experts, announced today its acquisition by Evergreen Services Group, a family of leading managed IT businesses. This transaction is Evergreen’s 27th investment since its founding in late 2017. Following the acquisition, Telco Experts will continue to operate independently but transition leadership to Alex Green who is joining as CEO. Eric Klein, former CEO, and co-founder will help with the transition before ultimately parting with the company.
Headquartered in New York, NY, Telco Experts provides a wide array of customized voice, data, and IP products to thousands of companies nationwide. Evergreen saw both a cross-sell opportunity within Evergreen’s current MSPs as well as an exciting opportunity to grow Telco Experts’ partner program.
“The Evergreen acquisition is exciting to me personally, as I have always envisioned Telco Experts as an extension to companies’ existing IT teams. Evergreen’s current MSP portfolio and plan to continue purchasing MSPs allows Telco to do what it does best while giving customers what they want, which is a one stop shop for all their voice, data, and IT needs. In addition, with this strategic acquisition, the employees that helped make Telco Experts what it is today can continue to be an integral part of the future growth strategy,” said Eric Klein, Telco Experts’ Co-founder.
“Eric and Adam have built an incredible business in Telco Experts by focusing on customer service and building a great team” said Jeff Totten, Evergreen’s CEO. “We look forward to supporting Telco Experts’ continued growth and commitment to its customers, channel partners and team. We have enjoyed working with Eric and Adam since our first interaction and we’re excited to expand on what they have built.”
Telco Experts follows Evergreen’s acquisition of 26 managed service providers since 2018. Evergreen continues to actively invest in leading IT service providers throughout North America, where it can serve as a long-term capital partner and support future growth. Q Advisors, a global TMT investment banking boutique, acted as the exclusive financial advisor to Telco Experts.
Read the full announcement here.
Selling Telco Experts was our first engagement with Q Advisors. After reviewing all of the sell-side deals they have successfully closed in the managed network services and cloud communications sectors, it didn’t make sense to look elsewhere. While we didn’t fully know what to expect, they navigated us through the process, and we always felt we had a partner who was looking out for the best interests of Telco Experts. The Q Advisors team took the time to understand our business and differentiators, as well as which companies would be the best fit to take Telco Experts forward. While many companies came to the table with interest, we are thrilled they found Evergreen Services Group, as we feel it is a win for all parties. It was important for us to make sure our employees had a good home, and our customers would continue to receive the high level of service they have been accustomed to, and the transaction with Evergreen made this possible. Q Advisors was very responsive, diligent, and professional throughout the process. I cannot say enough good things and we hope to be in a position to use them again.Eric Klein, CEO, Telco Experts