Z Wireless, a retailer of Verizon Wireless voice and data communications services that is owned by Atlantic Street Capital, has acquired Verizon retailer T2 Wireless. Terms of the deal were not released. Atlantic Street Capital, a lower middle market investor, acquired Z Wireless in 2011.
Z Wireless, a leading retailer of Verizon Wireless voice and data communications services operating throughout the Great Plains, announced today the acquisition of T2 Wireless, a leading Verizon retailer that will serve as a strong platform for further expansion. Atlantic Street Capital, a private equity firm investing in the lower middle market, acquired Z Wireless in 2011.
T2 Wireless Inc. was formed in May of 2004 by Tate Fisher and Todd Nutsch and is today a Verizon premium retailer operating 12 stores throughout Kansas. With the addition of T2 Wireless, Z Wireless now operates nearly 120 stores throughout the Great Plains region.
Kevin Tupy, Chief Executive Officer of Z Wireless who founded the company in 2001, said, “As we continue broadening our footprint by targeting strategic acquisitions and opening new stores in existing markets, our goal is to continue providing an unmatched level of customer service and product offerings for our customers. We are building a market leading position in the Midwest through organic growth as well as carefully targeted acquisitions. T2 is a very well-run organization that meets our strict acquisition requirements and strengthens our footprint in Kansas.”
About Z Wireless
Headquartered in Sioux Falls, SD, Z Wireless markets and sells a full suite of Verizon Wireless products and services from over 100 stores in nine Midwestern states. It is the largest operator of exclusive Verizon Wireless Premium Retailer stores in that region. In addition to wireless services, the company also sells a comprehensive mix of wireless devices, including smartphones, voice phones, tablets, and a broad range of accessories to be used with these devices.
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in middle market companies with between $25 and $150 million in revenue. The firm invests in fundamentally sound companies that will benefit from capital investment and value-adding strategic and operational initiatives. Atlantic Street Capital’s partners are hands-on investors who work closely with management to unlock their business’ underlying value and help them succeed. The firm is currently investing from Atlantic Street Capital Partners, L.P. II.