Comstar Technologies, an international provider of today’s most advanced telecommunications, Managed IT services, physical security, and audio-visual solutions, is pleased to announce today that it has acquired Comtel VoIP, Inc., a Buffalo, New York-based provider of hosted telephony solutions. This strategic acquisition will expand Comstar’s geographic footprint and broaden Comtel’s solution portfolio beyond their current voice offerings. Comtel will continue to operate under its current name for the foreseeable future, with both companies focusing on continued growth and implementing next-generation communication services to support clients across the region and beyond.
“We are thrilled to welcome the expert Comtel team to our Comstar Technologies family,” says David Johnson, President of Comstar. “Both companies share a fanatical focus on the success of their clients and meeting their ever-evolving needs. Additionally, we feel this region is full of great people and a strong business community, and we are very proud to now be a part of it.”
Existing Comtel customers can expect the same superior, regionally focused support they have always enjoyed, all while gaining access to the extensive Comstar Technologies portfolio of communications and technology solutions. The combined companies’ shared mission is to assist clients in exceeding their operational and financial goals as their full-service technology partner.
“We are excited to join the Comstar Technologies family,” said David Adams, President of Comtel VoIP. “Comtel was built by an outstanding and dedicated team with customer service as its top priority. We are looking forward to keeping that philosophy alive with Comstar while also expanding product offerings for our clients.”
The DAK Group, led by Sheon Karol, Managing Director, with Damir Makic, Vice President, served as the exclusive investment banker and financial adviser to Comtel, initiating and managing the process.