Optimal Investment Group invests in Technology Associates EC, Inc.
SHERMAN OAKS, Calif., Jan. 15, 2018 /PRNewswire/ -- Technology Associates EC Inc. (TAEC), a professional wireless services company has been recapitalized by Optimal Investment Group (OIG), a California private investment firm.
TAEC provides site development, site acquisition, project management, architecture and engineering services for wireless network operators and tower owners. TAEC was named in the winning bid to build out the First Responder Network Authority (FirstNet) and expects demand for their services to skyrocket over the coming years.
"Over the past six years, TAEC has grown into one of the leading wireless services firms on the West Coast, with coverage from California to the Pacific North West," said Walt Oleski, Chairman of TAEC. "Our new partnership with Optimal Investment Group provides the growth capital required to meet increasing demand for our services due to our growing market share, the roll out of 5G upgrades and the FirstNet opportunity."
"We are excited to partner with the management team at TAEC. OIG looks for companies with strong growth prospects, great management, and the need for assistance in capitalizing on growth opportunities. TAEC checks all those boxes for us," said Joey Separzadeh, managing partner at Optimal Investment Group.
TAEC was advised by Bruce Jones, managing director at ClearRidge Capital, an investment banking and business advisory firm in Oklahoma, with extensive experience in wireless services.
About Technology Associates EC Inc. (TAEC)
www.TAEC.net
TAEC's team of professionals is responsible for the deployment of thousands of wireless facilities and technology upgrades. The firm has MSAs with all leading wireless carriers and a growing market share in California, Oregon, Washington, Idaho, Montana, Wyoming, Utah and Colorado. TAEC's professionals provide site development, site acquisition services, project management, architecture and engineering services for wireless network operators and tower owners
About Optimal Investment Group
www.optimalinvestmentgroup.com
Headquartered in Sherman Oaks, CA, Optimal Investment Group (OIG) is a private investment firm focused on investing in lower middle market business acquisitions throughout North America.
Terms of the transaction are not disclosed.
Contact:
Harris Roth
harris@optimalinvestmentgroup.com
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SOURCE Optimal Investment Group
