October 4, 2021
Posted October 4, 2021 - Denver, CO
VTX1 Companies announced today that it has acquired TISD, Inc., a wireless internet service provider headquartered in Victoria, Texas. TISD boasts a service area of over 3,000 square miles and a subscriber base of 9,900 customers. The acquisition will increase VTX1’s existing subscriber count to approximately 34,000 subscribers in the South Texas Region, elevating them to become one of the largest independently-owned internet service providers in Texas.
VTX1 Companies was established as Valley Telephone Cooperative in 1952 with the purpose of providing telephone service to rural subscribers deemed unfeasible by larger companies. The company has grown to become a leading rural broadband service provider offering fiber and wireless internet and telephone services to customers in South Texas. VTX1 Companies’ service area covers approximately 44,000 square miles and is one of the largest rural internet service providers in Texas.
W.G. Nielsen & Co. acted as the financial advisor to VTX1 in this transaction.
W.G.Nielsen is one of the Rocky Mountain region’s premier FINRA registered investment banking firms, specializing in mergers and acquisitions and innovative capital solutions. Founded in 1996, Denver based W.G.Nielsen & Co is the oldest independently owned investment banking firm in the region. www.wgnielsen.com