MIAMI, Oct. 21, 2016 /PRNewswire/ -- ADDvantage Technologies Group, Inc. (AEY), announced that it has acquired the assets of Triton Miami, Inc., a leading provider of new and refurbished enterprise networking products, including desktop phones, enterprise switches and wireless routers. Triton was advised in the sale by Peter Berg, a Managing Director for Transworld M&A Advisors.
Triton, based in Miami, Florida, primarily sells products to brokers and end-users across the U.S. through a dedicated sales force and e-commerce program. Triton maintains a broad inventory of products from various manufacturers, with a majority of its sales coming from Cisco and Polycom products.
"With a diverse customer base and broad line of product offerings, Triton has established a highly profitable business that generated approximately $2.1 million in EBITDA from $13.5 million in revenue over the past twelve months. We see many areas where our two businesses overlap or are complementary in nature, making this a highly attractive acquisition for ADDvantage," commented David Humphrey, President and CEO of ADDvantage Technologies.
"We appreciate the trust that Triton Datacom placed in us to help them find the perfect acquirer. We were able to effectively bring the company to market and generate maximum value for the shareholders while also maintaining complete confidentiality throughout the process," said Peter Berg. Transworld M&A Advisors specializes in selling business with revenues above $5 million
Ross Himber, founder and President of Triton stated, "We are enthusiastic about joining the ADDvantage Technologies team as it has a solid reputation in the telecommunications industry. With Peter Berg's diligence and guidance, this complex deal concluded quickly and we are ready for the next phase of our business. Triton now has the opportunity to further grow its business by leveraging the financial strength and experience of ADDvantage, while still maintaining the overall structure and core values that have made us successful."
About ADDvantage Technologies Group, Inc.
ADDvantage Technologies Group, Inc. (AEY) supplies the cable television (Cable TV) and telecommunications industries with a comprehensive line of new and used system-critical network equipment and hardware from a broad range of leading manufacturers. The equipment and hardware ADDvantage distributes is used to acquire, distribute, and protect the communications signals carried on fiber optic, coaxial cable and wireless distribution systems, including television programming, high-speed data (Internet) and telephony. In addition, ADDvantage operates a national network of technical repair centers focused primarily on Cable TV equipment and recycles surplus and obsolete Cable TV and telecommunications equipment.
ADDvantage operates through its subsidiaries, Tulsat, Tulsat-Atlanta, Tulsat-Arizona, Tulsat-Nebraska, Tulsat-Tennessee, Tulsat-Texas, NCS Industries, ComTech Services and Nave Communications. For more information, please visit the corporate web site at www.addvantagetechnologies.com.
About Transworld M&A Advisors, LLC
Transworld M&A Advisors is a wholly owned subsidiary of Transworld Business Brokers, LLC, Florida's largest business brokerage firm with 9 offices around Florida and over 100 professionals. Last year, Transworld completed 350 closed business transactions throughout the State of Florida.
Transworld M&A Advisors specializes in the sale of businesses with more than $5 million in Revenues.
Transworld is also a principal shareholder of Transworld Business Advisors which is the fastest growing Business Brokerage firm in the country with over 100 offices in 34 states and 12 countries.
The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company's reports and documents filed from time to time with the Securities and Exchange Commission.
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SOURCE Transworld M&A Advisors