Nolan Advised TennMark Telecommunications in its Sale to Black Box Corporation

DATE: January 01, 2000

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Who is Our Client?

  • 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.

Why Did TennMark Telecommunications Hire Nolan?

  • 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.

What Value Did Nolan Deliver?

  • 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 (NASDAQ: BBOX) 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.
  • 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.

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