Central Valley Fund Provides Financing
Stockton, California – August 4, 2017 – Utility Telecom has recently completed its acquisition of Black Cloud Networks (BCN), a Stockton, CA-based provider of VoIP business telephone systems.
The acquisition of the telecommunications service provider fits into Utility Telecom’s offerings of Hosted PBX service, business internet service, and enhanced voice services for businesses throughout California and Nevada.
“This expansion of our existing presence in the Central Valley makes Utility an even stronger communications partner for business customers seeking telephone and high-bandwidth network solutions with unmatched reliability,” said Jason Mills, CEO, and founder of Utility Telecom Group.
“Our acquisition of Black Cloud Networks is an investment to strengthen our infrastructure and better serve the needs of customers with our network expertise,” Mills said. “BCNs commitment to exceeding customer expectations is the foundation to long-term customer relationships, which is what Utility Telecom is all about. We are pleased to have Black Cloud as part of the Utility Telecom family.”
According to José Blanco, a partner at the Central Valley Fund, “Jason and his team continue to build Utility Telecom into a first-class regional player. Having bootstrapped the Company over 20 years ago and providing local phone service, to becoming a leading full-service telecom service provider in Central California”. Blanco continued, “Telecom services for small businesses are very fragmented and rapidly evolving as customers are looking for more bandwidth and responsive service offerings. The Utility team is well poised to capitalize on these opportunities”.
About Utility Telecom Group
Founded in Stockton, California in 1996, Utility Telecom is one of the largest regional providers of networking, communications, and technology solutions in the California Central Valley and broader California and Nevada. The company provides critical data networking and unified communications to over 5,000 business customers in California and Nevada, including enterprise, government, and wholesale customers. The utility has implemented many fully redundant networks, supplying its customers with lightning-fast Internet speeds over Fiber, ADSL, Ethernet over Copper, and classic T1 service, linking their regional Points-of-Presence with the public Internet peering points.
Utility Telecom is committed to providing businesses with the connections and bandwidth they need to be up and running with the most cutting-edge technology and great customer service. For more information, please visit http://www.uyt.co.
About Central Valley Fund (CVF)
The Central Valley Fund was established in 2005 to finance later-stage growth and buyout opportunities of small businesses through mezzanine debt and preferred equity investments with over $325 million in committed capital. The fund has offices in California – Davis, Fresno, and San Diego – and the Pacific Northwest in Portland, OR – to attend to small businesses seeking capital. It is focused on making investments in California’s Central Valley and throughout the Western United States. For more information, please visit www.cvfcapitalpartners.com
For more information, please contact CVF:
CVF Capital Partners, Inc.
Tel: 530-757-7004 ext. 227
CVF Capital Partners, Inc.
Tel: 530-757-7004 ext. 222