Calgary-based WiMacTel, a telecommunications company serving Canada and the United States, looking to further build its brand presence in premium vertical markets and in the public communication space and accelerate its business goals, has selected First West Capital as its funding partner.
“We have grown dramatically over the last several years and we are excited to continue and in fact accelerate our growth. To accomplish this we needed a funding partner that will react quickly, adapt flexible solutions to each opportunity and demonstrate an understanding of our business,” said James MacKenzie, CEO of WiMacTel.
First West Capital, which has more than 25 years of commercial lending experience including 18 years in subordinated debt financing, fits well with WiMacTel’s requirements for a funding partner.
WiMacTel started off as a public communications services provider to the Canadian and U.S. telecom giants. However, to fuel its expansion, it needed to broaden its portfolio and evolve into a full telecommunications company. Three years ago, it did just that, modernizing its switching and network infrastructure.
In order to strengthen its position and grow rapidly, it knocked on many doors and went on to make several successful acquisitions. The company’s recent acquisition of FSH Communications’ (FSH) pay phone assets is an example of WiMacTel’s dedication to extending its portfolio.
With further consolidation expected in the U.S. pay phone market, WiMacTel appears to be well positioned to capitalize on the opportunities and extend its portfolio in such a way so that it can provide an even more extensive range of services to a wider spectrum of industries, public agencies, and residents.
WiMacTel is thus looking at additional acquisitions to grow its revenue base, add complementary products and strengthen its services to its vertical channels. This is where WiMacTel hopes to move forward with First West’s support.
“We are excited to be partnering with WiMacTel as they expand their offering to telecommunications companies, from payphone services to residential services,”said Robert Napoli, vice president of First West Capital.
Edited by Blaise McNamee