USTC Corp. Inc., an Edison-based distributor of telecommunications materials and more, has acquired a national distributor of material and equipment for the broadband industry, it announced this week.
The deal for Comstar Supply Inc. now gives USTC seven distribution locations in the U.S., with plans to grow its service territory and customer base.
Financial terms of the transaction were not disclosed.
“We’re thrilled to welcome the Comstar Supply team to the USTC family,” USTC founder and CEO Cédric Varasteh said in a prepared statement. “Together, we can help solve our customers’ toughest problems with our combined world-class distribution capabilities, technical and engineering expertise and best-in-class supply chain and logistics solutions needed to quickly support network deployments, upgrades and maintenance, and further expand our one-stop shop offerings across our enhanced footprint.”
USTC is backed by Carlyle, a Washington, D.C.-based global investment firm.
Advisers on the transaction included Bank Street Group LLC and DLA Piper on the buy side, and Savran Benson LLP and Blank Rome on the sell side.
