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Circumference Group Acquires Majority Stake in The Computer Works


Collaborate to accelerate the growth of broadband Arkansasdelivering expanded value to customers

LITTLE STONE, Ark., July 12, 2022 / PRNewswire/ – Circumference groupa unique, operationally-focused investment firm led by the former Endurance International CEO Jeff Foxgot the majority stake in The Computer Is Working (“TCW”), usa Arkansas provider of fiber and fixed wireless internet services to residential and commercial customers. The terms of the claim were not disclosed.

(PRNewsfoto/Circumference Group)

(PRNewsfoto/Circumference Group)

Circumference Group’s extensive operational expertise, combined with capital investment, will position TCW to continue to provide critical connectivity to urban and rural customers as a whole. Arkansas. President of TCW Pat Wilson will continue in his position, and the head of business of the company will remain Conway, Arkansas.

“Our partnership with TCW is a great opportunity to support a successfully growing company, and we are excited to work with Pat and his team to serve. Arkansas customers. TCW demonstrates our strategy of investing in high-quality businesses that are focused on delivering long-term customer value, ”he said. Jeff FoxCEO and Founder, Circumference Group.

“Circumference Group has a proven track record in the telecommunications space and is the ideal partner as we continue to expand our services to meet the broadband needs of businesses and consumers across the state. We look forward to it. to work together and further position our business in the long run. -term success, “said Pat WilsonCEO of TCW.

About the Circumference Group

The Circumference Group is a Little Rock, Arkansas based investment firm designed to provide the best risk -adjusted performance for its capital partners. For more than a decade, Circumference Group has successfully invested in the public and private markets using Core Value Assessment (“CVA”), a proprietary framework that evaluates a company’s growth and cash flow potential. , as well as organizational and operational strengths and weaknesses. . CVA supports all of Circumference Group’s investment strategies.

Circumference Group was founded in 2009 by a group of veteran business operators and investors led by Jeff Foxa proven executive who has served in multiple leadership roles including CEO of Endurance International Group, CEO of Convergys Corp. and COO of Alltel Wireless.

For more information, please visit www.CircumferenceGroup.com.

About Computer Works

Built on 1989, TCW is an ISP serving fiber and fixed wireless subscribers in eight counties in Arkansas. In addition to internet and telephone services, the company offers complete monitoring and alerting solutions for computers, servers, networks, and applications. Since 2020, TCW has received four Arkansas Rural Connects grants, invested in two new fiber buildouts and two fixed wireless upgrades.

TCW (PRNewsfoto/Circumference Group)

TCW (PRNewsfoto/Circumference Group)

Cision

Cision

View the original article to download the multimedia: https://www.prnewswire.com/news-releases/circumference-group-acquires-majority-stake-in-the-computer-works-301584713.html

SOURCE Circumference Group



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