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FORT LAUDERDALE, Fla. (August 25, 2015) – Fort Lauderdale-based investment banking firm, Farlie Turner & Co., is pleased to announce the sale of IDC Joint Venture, LLC (“IDC”) to Centerline Solutions, one of the nation’s fastest-growing providers of network infrastructure services to the wireless telecommunications industry. Farlie Turner served as the exclusive financial advisor to the seller. Terms of the transaction were not disclosed.
Headquartered in Honolulu, IDC is one of the premier wireless construction firms in Hawaii. The acquisition of IDC makes Centerline Solutions one of the leading providers of wireless infrastructure services in that state. This strategic acquisition not only enhances the company’s current services in Hawaii, but makes Centerline Solutions the only full turnkey wireless services provider in the state.
“With this acquisition, Centerline Solutions is now the leading wireless services provider in Hawaii, offering end-to-end services for all things wireless, completed in-house by Hawaiian residents,” said Benjamin Little, CEO of Centerline Solutions. “Our Hawaiian office is now equipped to provide everything from site acquisition to engineering to construction and project management. We are excited to offer an added level of expertise to our customers in Hawaii.”
“We were well-served by Farlie Turner’s advice throughout the process,” said Eric Taylor, President of IDC. “The Farlie Turner team delivered what they promised at the outset: an unwavering commitment to senior-level attention and steadfast guidance throughout what can be a very emotional experience.”
About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies.