Harris Williams & Co. Advises Diamond Wireless in its Pending Sale to GLENTEL Inc.
August 16 2010 - 4:04PM
Business Wire
Harris Williams & Co. announces that Diamond Wireless
(Diamond), a portfolio company of Unique Investment Corporation
(Unique), has entered into a definitive agreement to be acquired by
GLENTEL Inc. (GLN.TO) for approximately $50.5 million, representing
81.5% ownership. Harris Williams & Co. is acting as the
exclusive advisor to Diamond. The transaction is being led by Craig
Lawson, Vince Carey and Andrew Hewlett from the firm’s San
Francisco Office.
Headquartered in Salt Lake City, UT, Diamond is a leading
Verizon Wireless “Premium Retailer” in the Western and Southern
U.S. Diamond operates 128 stores in 11 Western and Southern states.
Diamond sells a broad array of wireless products and Verizon’s full
suite of voice and data plans.
Unique is a private equity firm specializing in investments in
small and middle market companies. The firm invests in all
industries. Unique invests in companies based in Western United
States. Founded in June 1993, Unique is based in Huntington Beach,
CA.
GLENTEL, based in British-Columbia, Canada, is a leading
provider of innovative and reliable telecommunications services and
solutions across North America. Founded in 1963, GLENTEL is
comprised of two operating divisions – retail and business – that
service the needs of wireless consumers and commercial
telecommunications customers across Canada. Together with its
divisions, the company operates more than 280 locations across
Canada located in retail malls and high pedestrian-traffic
street-front locations, Costco Wholesale stores, and business
centers. GLENTEL operates its business under the trading names
Glentel Wireless, WirelessWave, The Telephone Booth (Tbooth and la
cabine T) and WIRELESS etc.
Harris Williams & Co. (www.harriswilliams.com), a member of
The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier
middle market advisor with a two-decade legacy of sell side
excellence serving clients worldwide. The firm is
focused exclusively on the middle market providing sell
side and acquisition advisory, restructuring advisory,
board advisory, private placements and capital markets advisory
services.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, an Appointed Representative of Sturgeon
Ventures LLP, which is authorised and regulated by the Financial
Services Authority. Harris Williams & Co. is a trade name under
which Harris Williams LLC and Harris Williams & Co. Ltd conduct
business in the U.S. and Europe, respectively.
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