Silver Oak Services Partners, LLC announced that it has acquired Fullerton, California-based Altura Communication Solutions, LLC (“Altura”) in conjunction with management and co-investors.
Altura is a leading provider of voice and data communications solutions and associated maintenance services to corporate customers and government entities. The Company typically serves customers with 200 – 5,000 employees, and has enjoyed a great deal of success in the healthcare, education, and government markets. Through its strategic partnerships with leading communications equipment and software vendors, as well as its nation-wide service capabilities, the Company serves as a one-stop provider of integrated communications solutions. The Company is one of the largest independent channel partners for Avaya, a market leader in voice and data communications.
Silver Oak partnered with existing management on the transaction. “Silver Oak provides us with a value-added partner that will allow us to focus on aggressively growing the business organically and through acquisitions. With Silver Oak’s support, we look forward to continuing to deliver industry leading service and support to our installed base of customers and to actively grow alongside our vendor partners,” said Altura CEO Bob Blazek, who will continue to lead the Company and holds an ownership stake in the new entity.
“We are excited to partner with Bob Blazek and the rest of Altura’s management team. Altura is a market leader in enterprise communications, with a large and diversified installed base of customers and consistent third-party recognition as the top-rated maintenance and installation service provider in the industry. We look forward to working with management to build upon Altura’s 35 year heritage to continue to grow the business,” said Greg Barr, Managing Partner of Silver Oak.
Please contact Greg Barr or Wade Glisson of Silver Oak for additional information.
Silver Oak invests in business, consumer and healthcare service companies in the lower middle market, typically with EBITDA of $3 million to $20 million.