January 19, 2014
W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, announced that it acted as financial advisor to Tierzero in the acquisition of the assets of TCAST Communications, Inc., which was in Chapter 11 bankruptcy. The purchase price was not disclosed.
Tierzero is a premier IP based voice and data services provider based in Los Angeles, CA. TCAST Communications sold legacy telephone service and Internet access services to commercial customers in the greater Los Angeles, CA area. TCAST Communications has been in Chapter 11 bankruptcy since April, 2013, and the bankruptcy was converted to a Chapter 7 bankruptcy in January of this year.