KGP Logistics, a distributor and integrated service providers to the communications industry, has acquired TriNet Communications. Livingstone acted as financial advisor to KGP. Terms were not released.
Livingstone, the leading international investment banking firm, is pleased to announce that KGP Logistics (“KGP”) – one of the country’s largest distributors and integrated service providers to the communications industry – has acquired TriNet Communications, Inc. (“TriNet”). Livingstone acted as the exclusive financial advisor to KGP.
TriNet is a leading distribution and integrated logistics company serving the communications, data and cable television industries. The company maintains a large, diverse product portfolio designed to provide customers a one-stop resource for all project needs.
“We are energized by what this acquisition means for our customers, supplier partners and employees,” said Kathleen Putrah, KGP Chairman and CEO. “This acquisition provides us the opportunity to increase our scale, while further diversifying and extending our market coverage.”
TriNet will be integrated with KGP’s existing operations and leverage KGP’s national distribution network to optimize all facets of the supply chain to provide customers with products and services at the lowest total cost of ownership.
“This acquisition strengthens KGP’s existing customer and supplier relationships, while also providing strategic entry into the cable television market,” commented Livingstone Managing Director Andy Isgrig. “We fully expect KGP to leverage TriNet’s platform in the cable market for continued growth and value creation.”
Trevor Putrah, KGP President added, “Livingstone’s guidance and deal expertise across three acquisitions since 2009 has transformed our business capability and enhanced the value KGP delivers to the industry.”
TriNet represents Livingstone’s third transaction with KGP in the last three years, advising on the acquisitions of Embarq Logistics from Embarq Corporation (now known as CenturyLink) in 2009 and the professional services business of TE Connectivity (NYSE: TEL) in early 2012.
Ryan Buckley, Livingstone Vice President commented, “KGP’s recent acquisitive history demonstrates its reputation as a preferred acquirer in the industry and positions the Company to continue its consolidation strategy.”
About KGP Logistics
KGP is one of the country’s largest single-source, value-added suppliers of supply chain services, equipment and integrated solutions to the communications industry. KGP’s footprint comprises six distribution centers, over 10 integration facilities, and nearly 40 engineering offices across the U.S. Through an affiliate – BlueStream Professional Services, LLC – KGP also provides complete integration and installation services consisting of assemble, wire and test; engineer, furnish, and install; as well as product kitting, and CPE services. With a diverse customer base, a national logistics network, and a portfolio of manufacturer partnerships that is second to none, KGP is positioned to provide unique products and services to the communications market. Visit www.kgplogistics.com for more information.