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SOURCE Tower Arch Capital
SALT LAKE CITY, Jan. 29, 2014 /PRNewswire/ -- Tower Arch Capital, in partnership with Founder and CEO Don Riggs and management, announced today it has completed the recapitalization of Future Telecom, Inc. Future Telecom is a Mesquite, TX based specialty-boring company primarily serving the communications and energy industries. It is the primary and, in many cases, sole maintenance service provider in Dallas-Ft. Worth and Houston, TX for the largest telecom and fiber backbone companies in the industry.
Founded by Don Riggs and David "Jocko" Helmers in 1999, the company has extensive knowledge in the Dallas and Houston markets, including experience with over 70% of the fiber-fed buildings. Future Telecom specializes in difficult bores and installations in congested urban areas using the latest technology to deliver superior outcomes. The company has successfully completed thousands of miles of construction and communication installations for its customers to satisfy the continually growing demand for bandwidth. Future Telecom's energy services division has experienced tremendous growth and offers superior customer service to oil producers throughout the region. For more information on Future Telecom, please visit: www.futuretelco.com.
"The Tower Arch team has extensive experience in the utility and energy services industries, which made them a very attractive partner for our business, management team, employees, and customers," said Don Riggs, Founder and CEO of Future Telecom. "Tower Arch will be a valuable advisor as we continue to find ways to grow Future Telecom's industry leading service offering and strengthen our ability to deliver differentiated solutions to the telecom and energy industries."
Ryan Stratton, Partner at Tower Arch Capital added, "Future Telecom has a fifteen year history of superior customer service and exceptional revenue growth. We look forward to working jointly with Don and the management team to expand the company both organically and through select acquisitions."
About Tower Arch Capital
Tower Arch Capital is a private equity investment firm focused on partnering with and growing high-quality founder and family-owned businesses. Tower Arch provides operational, strategic, and financial support to accelerate growth and enhance shareholder value. For more information on the firm, please visit: www.towerarch.com.
Allegiance Capital Corporation advised Future Telecom on the recapitalization. Winstead PC served as counsel to Future Telecom.
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