- ADDvantage Technologies (NASDAQ:AEY) announces it has acquired the assets of Triton Miami, Inc., a provider of new and refurbished enterprise networking products, including desktop phones, enterprise switches and wireless routers.
- Triton, based in Miami, primarily sells products to brokers and end-users across the U.S. through a dedicated sales force and e-commerce program. Triton maintains a broad inventory of products from various manufacturers, with a majority of its sales coming from Cisco and Polycom products.
- "With a diverse customer base and broad line of product offerings, Triton has established a highly profitable business that generated approximately $2.1 million in EBITDA from $13.5 million in revenue over the past twelve months. We see many areas where our two businesses overlap or are complementary in nature, making this a highly attractive acquisition for ADDvantage," commented David Humphrey, President and CEO of ADDvantage
- Source: Press Release