GLENTEL Inc, a Canadian telecommunications company, has bought wireless internet provider Diamond Wireless, a portfolio company of Unique Investment Corporation. Unique is a private equity firm based in Huntington Beach, California. Harris Williams & Co. advised Diamond. The terms of the deal were not released.
Harris Williams & Co. announces that Diamond Wireless (Diamond), a portfolio company of Unique Investment Corporation (Unique), has been acquired by GLENTEL Inc. (GLN.TO).
The transaction closed on October 1, 2010. Harris Williams & Co. acted as the exclusive advisor to Diamond. The transaction was led out of the firm’s San Francisco office.
Headquartered in Salt Lake City, UT, Diamond is a leading Verizon Wireless ‘Premium Retailer’ in the Western and Southern U.S. Diamond operates 132 stores in 11 Western and Southern states. Diamond sells a broad array of wireless products and Verizon’s full suite of voice and data plans.
Unique is a private equity firm specializing in investments in small and middle market companies. The firm invests in all industries. Unique invests in companies based in Western United States. Founded in June 1993, Unique is based in Huntington Beach, CA.
GLENTEL, based in British-Columbia, Canada, is a leading provider of innovative and reliable telecommunications services and solutions across North America. Founded in 1963, GLENTEL is comprised of two operating divisions – retail and business – that service the needs of wireless consumers and commercial telecommunications customers across Canada. Together with its divisions, the company operates more than 290 locations across Canada located in retail malls and high pedestrian-traffic street-front locations, Costco Wholesale stores, and business centers. GLENTEL operates its business under the trading names Glentel Wireless, WirelessWave, The Telephone Booth (Tbooth and la cabine T) and WIRELESS etc.