EDISON, New Jersey – (BUSINESS WIRE) – USTC Corp, Inc., a leading value-added distributor of telecommunications materials, supply chain solutions, and technical expertise, today announced the acquisition of Comstar Supply, Inc Industry. With this transaction, USTC Corp now operates seven sales locations in the United States and plans to significantly expand its service area and customer base. The financial terms of the transaction will not be disclosed.
USTC Corp was founded in 2017 by Cédric Varasteh and supported by Washington, DC-based global investment firm Carlyle (NASDAQ: CG), supported by more than 1,000 global providers of telecommunications, hybrid fiber-coaxial (HFC), fiber to the home (FTTH), Fiber To The x (FTTx), wireless and data center technologies as well as supply chain management solutions. USTC Corp is a trusted partner for all technical and logistical expertise with extensive engineering and broadband fiber optic network capabilities and an experienced team of almost 400 employees.
Comstar Supply was founded in 1994 with the aim of providing the broadband industry with the necessary external operating materials and tools. Through its distribution centers in Philadelphia, PA and Raleigh, NC, the company serves a diverse customer base including contractors, broadband and electricity providers, wired and wireless Internet providers, cooperatives, and other CATV companies.
This acquisition, as well as the recent acquisition of Walker and Associates, enables USTC Corp, its customer base and seven-location presence for the merged entities in New Jersey (including USTC Corp headquarters in Edison), North Carolina, Pennsylvania, Texas and Nevada to expand. USTC Corp is perfectly positioned to serve customers across the country faster, with the greater flexibility and reliability required to support network deployments, upgrades and maintenance while improving their supplier relationships.
For Comstar, the transaction offers an expanded product and technology portfolio that goes beyond the existing outdoor facilities, as well as a comprehensive range of value-added solutions, including planning, product design, equipment and home delivery, logistics services and technical capabilities.
Cédric Varasteh, Founder and CEO of USTC Corp, said: “We are very excited to welcome the Comstar Supply team to the USTC family. Together, we can solve our customers’ toughest problems with our combined world-class sales capabilities, technical and technical expertise, and world-class supply chain and logistics solutions that are required to quickly support network deployments, upgrades and maintenance, and to further expand our one-stop shop -Offers in our extended presence. Our capabilities, end-to-end solutions and our extensive product catalog together with our seven sales offices in the USA enable us to offer the flexibility and reliability required to serve our customers on a regional and national level with the added benefit of global purchasing support energy. ”
Chad Punchard, President of Comstar Supply added, “Over 25 years ago, my father set out to build a company with a set of morals and ethics that will continue to guide and shape who we are today, and I am proud of them that the values of USTC and culture go wonderfully with ours. Both organizations are guided by the same relentless pursuit of customer satisfaction, and with our comprehensive bespoke solutions we are collectively uniquely positioned as a true and trusted reseller to serve our diverse customer base across the country. ”
Vladimir Lasocki, Managing Director at Carlyle, and Cyril Bourdarot, Director at Carlyle and chairman of USTC Corp’s parent company, said, “The investment trend in telecommunications is structurally growing due to the increased need for broadband and our increasingly connected economy. Our growth strategy with Cédric focused on positioning USTC Corp as the ideal partner for all investment needs, be it maintenance, upgrade or network roll-out for all technologies (FTTH, HFC, cellular – especially 5G, data center, etc.). We are excited about the significant strides that have been made in the US with the transactions of Comstar and Walker and Associates, both of which are great additions to USTC Corp. represent. This builds a business of real size and importance in the region, while also providing a complete offering that customers need and value. ”
Adviser on the transaction:
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M&A advisor (buyer side): Bank Street Group LLC
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M&A advisor (seller side): Savran Benson LLP
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Legal advisor (buyer side): DLA Piper
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Legal advisor (seller side): Blank Rome
About USTC Corp
USTC Corp is a leading one-stop shop for all materials, technical know-how, supply chain management solutions and the value-added sales of passive and active devices and tools from over 1,000 global suppliers for telecommunications, HFC, FTTH, FTTx, wireless and data center technologies. USTC Corp was founded in 2017 by CEO and Chairman Cédric Varasteh and is headquartered in Edison, NJ with expanded operations in Dallas, Texas. With flexible delivery models, a plug-and-play approach, and a modular set of value-added services, USTC Corp believes customers deserve customization. Their experienced team of nearly 400 employees in 5 locations in the USA work hard every day for customer satisfaction and reliability. To learn more, visit www.ustc-corp.com and follow USTC Corp on LinkedIn at www.linkedin.com/company/USTCcorp.
About Comstar Supply
Comstar Supply, Inc. was founded in 1994 with the aim of providing the broadband industry with the necessary external supplies and tools. Through its distribution centers in Philadelphia, PA and Raleigh, NC, the company serves a diverse customer base including contractors, broadband and electricity providers, wired and wireless Internet providers, power cooperatives, and other CATV companies. You can find more information about the company online at www.comstarsupply.com and follow Comstar Supply on LinkedIn at https://www.linkedin.com/company/comstar-supply-inc-/.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with extensive industry expertise, leveraging private capital across three businesses: Global Private Equity, Global Credit and Investment Solutions. With $ 276 billion of assets under management as of June 30, 2021, Carlyle strives to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs nearly 1,800 people in 27 offices on five continents. Visit carlyle.com for more information. Follow Carlyle on Twitter @OneCarlyle
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