Clear Rate Communications, a provider of fiber, voice and cloud services, acquired by investment firm L4, LLC


Clear HQ Rate

Clear HQ Rate

Clear HQ Rate

TROY, Mich., Oct. 7, 2021 (GLOBE NEWSWIRE) – Clear Rate Communications, an innovative telecommunications service provider providing fiber internet solutions, cloud solutions, voice and managed IT solutions to more than 30,000 residential customers and sales across the country, announces its acquisition of L4, LLC, a subsidiary of Linx Partners, represents the company’s second investment platform in the dynamic telecommunications sector.

Clear Rate, headquartered in Troy, Michigan, provides businesses and consumers with a wide range of telecommunications solutions in more than 20 states. The Company’s business-focused services include fiber-optic internet, hosted telephone systems, cloud servers, managed computing and additional services. Since its founding in 2001, the company has developed a reputation for both its white gloves and reliable service while continuing to develop advanced solutions in the ever-changing telecommunications industry. Over the past five years, the company has invested millions of dollars in building a fiber-optic infrastructure in the state of Michigan and a state-of-the-art data center with a Cisco switch fabric. multi-100 Gb and several redundant systems. Clear Rate is in a strong position to accelerate its growth and expansion through these infrastructure investments.

Upon closing, industry veterans Stephen Oyer and Pat O’Leary will join Clear Rate as CEO and Executive Chairman of the Board, respectively. Stephen has worked in the telecommunications industry for over 30 years and was instrumental in the growth of US Signal from 1997 to 2020 as president and chief operating officer and executive vice president of sales. Pat has held executive positions at many Michigan telecommunications companies since 1989, including Everstream Solutions, TelNet, and LDMI Telecommunications. Thane Namy and Sam Namy, the current owner-operators of the company, will continue to hold management positions at Clear Rate and will retain a significant stake in the future.

Stephen Oyer commented on his membership of the Clear Rate team. “I am excited about the opportunity to lead the quality team at Clear Rate and guide the company through its next phase of growth, leveraging its solid technical expertise and offering of advanced solutions.

“Clear Rate is at a critical inflection point in its growth history,” said Pat O’Leary. “The foundation is already in place for the company to expand its capabilities and geographic reach to serve more customers. I am delighted to be able to lead the board of directors as we develop and build the company. “

Thane Namy commented, “We couldn’t be more thrilled with the fit we found with L4 and the addition of Steve and Pat to lead our team. These partnerships will allow us to continue to expand, strengthen our team and more aggressively capture market share. “

Giny Mullins, Managing Director of L4, added, “We were drawn to Clear Rate because of their leadership, strong technical skills and focus on customer service. Thane and Sam have built a quality business with which we are honored to partner. We are also excited about the arrival of Steve and Pat. We believe that with this management team, the company is well positioned to capitalize on numerous growth opportunities and favorable industry winds. Clear Rate has grown to have many of the characteristics that L4 admires in a service provider, which fits well with the type of partnerships we have entered into in the past to professionalize businesses for their next phase of growth. “

L4 and the Company are also delighted to be working with Texas Capital Bank, which provided the senior debt financing for this transaction.

Press contact:

Clear rate communications
Thane Namy
1-248-556-4527
www.clearrate.com

L4, SARL
Giny Mullins
[email protected]

Related images

Image 1: Clear rate HQ

Clear Rate Communications Headquarters

This content was posted through the press release distribution service at Newswire.com.

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