Daily News: December 20, 2012

SSG Advises ACI Sale to Resilience Capital Partners


SSG Capital Advisors acted as the exclusive investment banker to Advanced Communications (ACI) in the sale of substantially all of its assets to an affiliate of Resilience Capital Partners. The sale closed in October 2012.

SSG marketed ACI to a variety of strategic and financial parties to find a partner to provide capital necessary to complete the company’s operational restructuring and strategically expand into new markets.

ACI was sold to Resilience Capital Partners as its first acquisition in the infrastructure services industry and its fifth platform investment in The Resilience Fund III.

Other professionals who worked on the transaction include:

  • David M. Baker, Lynn Huras, Patricia Missal and Michael Baker of Aurora Management Partners, restructuring advisor to Advanced Communications;

  • William D. Gilbride, Jr., George M. Malis and Mary P. Nelson of Abbott Nicholson, counsel to Advanced Communications;

  • Shawn M. Riley, David D. Watson and Lisa S. Lauer of McDonald Hopkins, counsel to Advanced Communications;

  • Lawrence F. Flick, II, Michael C. Graziano, Regina Stango Kelbon and Heather Sonnenberg of Blank Rome, counsel to PNC and

  • Walter S. Holzer and Rachel Masory of Kirkland & Ellis, counsel to Resilience Capital Partners.

    Canton, MI-based ACI is a full-service telecommunications provider of outsourced services to businesses, individuals and governments throughout the Midwest and in select areas in the Northeast and Southeast.

    Cleveland, OH-based Resilience Capital Partners is a private equity firm that brings large company resources to the lower middle-market.

    SSG Capital Advisors is an independent investment bank that assists middle-market companies in completing special situation transactions.