New York, NY – December 15, 2017 – Wincove Private Holdings, LP (“Wincove”) announced today that its portfolio company Comstar Technologies, LLC (“Comstar” or the “Company”) successfully completed two key acquisitions in the seven-month period following the May 2017 recapitalization of the Company:
NascentHub, LLC (May 2017), a provider of telecom services based in Audubon, PA, NascentHub brings key national accounts, and further strengthens Comstar’s market-leading position in the greater-Philadelphia area.
Bennet Communications, Inc. (December 2017), a provider of telecom systems based in Germantown, MD, BenComm has a market-leading position in the Baltimore-Washington metropolitan area, and represents a natural geographic expansion for Comstar. According to Kevin Flounders, President of Comstar, “these acquisitions are both compelling additions to Comstar. We look forward to building on what they have created, while introducing their customers to our complete suite of voice and technology services.”
“We are very excited to support Comstar’s growth, and continue to seek strategic acquisitions for the Company,” said John Lenahan, Partner of Wincove. About Wincove Private Holdings, LP Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon. For more information about Wincove, please visit www.wincove.com. About Comstar Technologies, LLC Headquartered in West Chester, PA, Comstar is a full-service provider of technology and telecommunications services to corporate and institutional customers. The Company’s services include cloud-based VOIP (voice-over internet protocol) phone systems, the installation and maintenance of traditional phone systems, managed IT services, network infrastructure and cabling, and the integration of security, fire and A/V systems. Comstar’s mission is to be a customer service-oriented “one-stop shop” for the evolving technology needs of small- and medium-sized enterprises. For more information about Comstar, please visit www.comstar-usa.com