Walker and Associates, a longtime telecommunications company based in the welcome community, was acquired by USTC Corp.
According to a press release, USTC Corp. bought from New Jersey Walker and Associates to further expand their presence and customer base in the United States. The financial terms of the transaction will not be disclosed.
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“The USTC and Walker cultures are a wonderful fit,” said Chrystie Walker Brown, CEO of Walker and Associates. “Chris and Virginia Walker founded Walker and Associates with a customer-centric, trustworthy focus, and we have maintained that priority for 50 years. USTC shares this commitment and we are delighted and confident that this will continue. “
The Walkers founded the telecommunications equipment distribution business in the basement of their house in 1970. Virginia Walker served as CEO from 2000 to 2014. Her daughter became CEO in 2014 when she retired.
Walker and Associates is a US distributor of networking products for more than 1,000 broadband providers including landline, wireless, utility, cable, government and corporate network operators.
Walker’s product range from more than 400 providers supports network operators in the provision of broadband, video, data and voice services for residential, business and 5G cellular subscribers. Walker supplies communication infrastructures such as Fiber-To-The-Home, Fiber Access Architecture, Packet Optical Networking, Fixed Wireless, Carrier Ethernet, Switching, Routing and VoIP to an established base of US network operators.
Founded in 2017 by Cédric Varasteh and backed by Washington, DC, global investment firm Carlyle headquartered in Washington, USTC Corp is a one-stop shop for all materials, product design, technical expertise and value-added sales of passive and active equipment and Tools from over 750 global telecommunications providers. USTC Corp. employs more than 200 people in three locations in the USA
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This transaction enables USTC Corp to further expand its presence and customer base in the United States. USTC Corp has three sales offices – two in Edison, New Jersey, including its corporate headquarters with expanded operations in Dallas, Texas.
“The acquisition of Walker and Associates marks a milestone in USTC’s growth,” said Cédric Varasteh, founder and CEO of USTC Corp. “It enables us to further expand our technical expertise and our range of products from a single source for our valued customers throughout our presence. Walker is a perfect match for us. With the addition of products and services without overlapping resources in the combination of our two organizations, we are poised for future expansion and proud to create more jobs in the United States. As set out in our Guiding Principles, we value the people who do the work as much as the work they do … “
The acquisition of Walker and Associates adds two additional locations to the USTC portfolio – Winston-Salem and Reno, Nevada.
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For Walker and Associates, the transaction offers an expanded solution portfolio for its customers, in particular with additional sales services, increased capacities for the design of the network infrastructure, technical services, supply chain management services and logistics outsourcing for telecommunications service providers, critical infrastructures and rural broadband broad service providers in the press release.
“We are excited to be working with USTC,” said Mark Walker, President of Walker and Associates. “Our combined core-to-edge products and service solutions will better support our customers’ blueprints for critical infrastructures. Our successful go-to-market team will offer a wider range of products. We need more capacity for our tried and tested offerings and we look forward to creating more highly qualified jobs with this combination of great companies. “
Calls to Walker and Associates asking for comments on whether the local company will change its name and other questions were not answered.
Jill Doss-Raines is a senior trending and personality reporter for The Dispatch, always looking for business and entertainment tips, secret and new menu items, and interesting people in Davidson County. Contact me at jill.doss-raines@the-dispatch.com and subscribe to us at the-dispatch.com.
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