January 7, 2016
W.G. Nielsen & Co. Financial Advisor to Utility Telephone
Denver, CO January 07, 2016 – W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, CO, announced today that it acted as financial advisor to Utility Telephone, Inc. in the sale of $2.25 million in convertible preferred units to Central Valley Fund, an institutional debt investor located in Davis, CA. The financing will be used principally to complete the acquisition of The Telephone Connection of Los Angeles, a specialized voice services provider located in Los Angeles, CA.
About Utility Telephone
Utility Telephone, Inc., based in Stockton, CA, is a premier voice and data services company serving business customers principally in California and Nevada via a facilities-based voice and data network.
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is one of the Rocky Mountain's premier FINRA-registered investment banking firms, specializing in mergers and acquisitions and innovative capital solutions. Founded in 1996, Denver-based W.G. Nielsen & Co. is the oldest independently owned investment banking firm in the region. The firm differentiates itself with a staff of senior investment bankers who have broad experience and important relationships in their areas of expertise. The firm's bankers have collectively closed hundreds of transactions throughout the United States and internationally.