December 5, 2018
LoHi Merchant Bank, or “LoHi MB” (renamed as Britehorn Partners since the writing of this article) — a Denver, Colorado based investment bank, is pleased to announce that it has successfully advised CloudNet Group, a leading hosted VOIP provider and one of Inc. 5000’s fastest growing company on its acquisition by Momentum Telecom. The transaction closed on November 27, 2018. LoHi Merchant Bank served as the exclusive investment banker to CloudNet Group in connection with this transaction. Terms of the transaction were not disclosed
CloudNet Group is a Phoenix, Arizona based communications provider that specializes in high quality cloud voice, mobility, SD-WAN, contact center and other unified communications solutions. Like Momentum Telecom, CloudNet focuses on a high-touch, white glove approach to implementation and training for customers.
Momentum Telecom is a premier provider of Business Voice, BBX Broadband Management and Unified Communications solutions. Momentum’s solutions offer smart, customizable cloud-based applications including voice, video and collaboration tools that enhance business productivity and efficiency for direct customers and more than 500 nationwide white label and channel partners.
Bobbi Babitz, co-Founder and Partner at LoHi MB said, “this acquisition broadens Momentum’s solution portfolio and brings a wealth of knowledge and experience in launching vertical go to market strategies which further differentiate Momentum.” Brett Story, LoHi MB co-Founder and Partner, added, “This transaction represents another successful client mandate among LoHi’s advisory services in the telecommunications space.”