Telvantis Inc., a telecommunications and enterprise solutions provider based in Florida, has taken a significant step towards expanding its market presence by signing a binding Letter of Intent to acquire AmeriCrew Inc., a New Jersey-based company. This acquisition marks Telvantis's foray into the high-growth areas of fiber, 5G wireless connectivity, and edge-datacenter services, sectors that are expected to grow to a $43 billion market by 2030.
The deal is notable not only for its strategic implications but also for leveraging AmeriCrew's innovative veteran employment and apprenticeship model, which provides a scalable workforce solution to communities. With AmeriCrew's entities projected to surpass $12 million in revenues this year and even higher expectations for 2026, the acquisition is poised to enhance Telvantis's portfolio without the need to issue common equity. AmeriCrew's management team will remain in place, operating largely independently under the Telvantis umbrella.
Daniel Contreras, CEO of Telvantis Inc., views this acquisition as a milestone, offering the company a gateway into a rapidly growing market with a seasoned team and a robust commercial pipeline. Kelley Dunne, CEO of AmeriCrew Inc., highlighted the commercial potential in deploying private fiber and 5G Fixed Wireless access networks, pointing to the strategic advantage in leading the edge computation and local private networks space.
Daniel Gilcher, CFO of Telvantis Inc., emphasized the acquisition's role in bolstering the company's appeal for uplisting and enhancing shareholder value, with further acquisitions on the horizon. The completion of the AmeriCrew transaction hinges on final negotiations and standard approvals, with a strategic update anticipated in the near future.
