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Nolan & Associates is pleased to announce that it exclusively advised TennMark Telecommunications in its sale to Black Box Corporation

“TennMark is excited to join with Black Box.  This merger places TennMark in a great position to expand our distribution of products and services to a national level”.

R. Terry Blakemore, President, TennMark

“TennMark has a great team and, as our largest merger to date, we have high expectations for their contributions to our overall strategy”.

Fred Young, CEO, Black Box Corporation (NASDAQ: BBOX)

Decatur, IL (Jan. 1, 2000) – Nolan & Associates is pleased to announce that it exclusively advised TennMark Telecommunications, Inc. (TennMark) on its sale to Black Box Corporation (NASDAQ: BBOX).

Our Client: TennMark Telecommunications

  • TennMark was established in 1983 and is based in Murfreesboro, Tennessee, offering telecommunication planning, engineering, installation and maintenance services.
  • The ownership of TennMark included three telephone cooperatives: North Central, Twin Lakes and Bledsoe Telephone Cooperatives.
  • TennMark successfully serviced the cooperatives with the build out and maintenance of their respective telephone systems, while also growing to be a regional leader in the telecommunication installation and maintenance space.

Objectives of TennMark Telecommunications

  • Nolan was engaged when the time came for the Cooperatives to sell their equity interest in TennMark.
  • The Cooperatives desired not only a positive structure and price, but also sale terms providing TennMark’s management team the opportunity to continue in-tact post-closing with the successful acquirer.

Solution: Sale to Black Box Corporation

  • Nolan marketed TennMark’s rapid expansions in regards to the geographic boundaries the Company served and the services provided to generate strong investment interest for the Company.
  • Among the numerous potential candidates, Black Box Corporation emerged as the clear favorite to acquire TennMark since the price was right and the opportunities for TennMark’s management team would be abundant in the large publicly traded corporation.

Sell Side Process Results

  • TennMark’s management team made a quick and significant impact as two individuals on the team now serve as President & CEO and VP of Business Development at Black Box.
  • The Nolan process created a sense of scarcity, competition and momentum which resulted in a competitive, thorough sell side process and delivered the maximum outcome the market had to offer, along with meeting the additional business continuity desires of the owners.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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