KGP Telecommunications, Inc, has agreed to acquire EMBARQ Logistics, the supply chain, distribution and deployment subsidiary of EMBARQ Corporation.<\/p>\n
Steve Miles, Partner at Livingstone Chicago, led the team that advised KGP on the transaction and arranged the financing for the deal with U.S. Bank, Wells Fargo and Royal Bank of Scotland.<\/p>\n
KGP, based in Faribault, Minnesota, is a leading provider of supply chain services, telecommunication products and integrated solutions.<\/p>\n
As a result of the acquisition, KGP will be one of the USA’s largest single-source, value-added distributors of equipment and integrated solutions to the telecoms industry. The enlarged group\u2019s clients will range from Regional Bell Operating Companies, to rural independent telcos, competitive local exchange carriers, contractors, and other distributors.
\n
\n\u201cThe acquisition of EMBARQ Logistics will position KGP as a leading provider of supply chain and distribution services, with an unmatched network of distribution facilities and skilled professionals,\u201d <\/strong>said Kathleen G. Putrah, CEO of KGP. \u201cThe combination of the business operations \u2013 and specifically KGP\u2019s nearly $500m of annual revenues – will provide KGP with immediate scale and position us for long term success in our industry.\u201d
\n<\/strong>
\n\u201cIt is exciting to see such a strategic acquisition close in today\u2019s challenging M&A market,\u201d <\/strong>said Partner at Livingstone, Stephen Miles. \u201cThe whole KGP management team and shareholders are to be commended for their steadfast determination to see this deal \u2013 with such pronounced long-term implications for their business capability \u2013 through to closing.\u201d
\n<\/strong>
\nAbout Livingstone, KGP\u2019s Chief Operating Officer, Trevor Putrah said: \u201cLivingstone\u2019s deal expertise and guidance throughout the entire acquisition process, particularly helping us navigate the challenges we faced with the debt capital markets, was critical to the successful closing of the transaction. We were pleased to have them on our team.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2912,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-17168","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1929],"date":"20090331","client_type":58,"type":[1054],"region":[410],"services":[470],"sectors":[488,898,912,906],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"\n