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New Deal


Announced

Siris to acquire TPx Communications.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Telecommunications Equipment

unified communications provider

United States

Friendly

Private

Single Bidder

Acquisition

Private Equity

Majority

Pending

Synopsis

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Private equity firm Siris agreed to acquire TPx Communications, a provider of unified communications, managed IT services and managed connectivity services. Financial terms were not disclosed. “Adding Siris’ experience and expertise in the UCaaS and managed IT services markets will make us even better-positioned to build on our award-winning track record of innovation and service quality for the benefit of our customers. With our new partners at Siris, we look forward to building our product portfolio, customer base, and customer satisfaction to new heights as we write the next chapter in TPx’s evolution and success,” Dick Jalkut, TPx Chairman of the Board and Chief Executive Officer.

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