Telvantis to Acquire AmeriCrew, Expanding 5G and Edge Compute Footprint

In a significant move that underscores the rapid evolution of the telecommunications sector, Telvantis Inc., a Florida-based technology-driven telecommunications and enterprise solutions provider, has announced a binding Letter of Intent to acquire AmeriCrew Inc., a New Jersey-based corporation known for its veteran employment and apprenticeship model. This acquisition, highlighted on NEWMEDIAWIRE, marks Telvantis's first step in its US-based acquisition strategy, aiming to expand its footprint in fiber, 5G wireless connectivity, and edge-datacenter spaces. The combined entity is poised to dominate the local communication infrastructure and networks, targeting high-growth markets for edge computation to support emerging technologies like AI and crypto mining. With AmeriCrew's expected revenues exceeding $12 million this year and the edge computation market projected to reach $43 billion by 2030, this strategic move is set to redefine the telecommunications landscape.

Leadership from both companies, including Daniel Contreras, CEO of Telvantis, and Kelley Dunne, CEO of AmeriCrew, have expressed enthusiasm about the merger, citing aligned values and a strong commercial pipeline as key drivers. The acquisition is expected to enhance shareholder value and accelerate Telvantis's growth, with no common equity issued as part of the transaction. AmeriCrew's management team will remain in place, operating largely independently under the Telvantis umbrella. This deal not only strengthens Telvantis's position in the market but also highlights the growing importance of edge computation and local private networks in the telecommunications industry.