St. Louis, Missouri, July 2008
Capital For Business, Inc.® (CFB) announced today that it recently completed the acquisition of Maryland Heights, Missouri based SoTel Systems, LLC (“SoTel”).
SoTel specializes in the wholesale distribution of new and refurbished telephone, data services, and voice over internet protocol communications equipment. The company stocks numerous types of products including telephones, headsets, video conferencing equipment, digital transfer equipment, switches, and VOIP equipment from major telecommunication equipment manufacturers such as Aastra, Adtran, Avaya, Cisco, Siemens, and Nortel. Established in 2006 through the merger of Tele Systems Inventory Management, Inc. and South Supply, LLC, SoTel has more than 600 clients that include end users, telephone repair and service providers, and equipment resellers. The company has warehouse and production facilities in both St. Louis, Missouri and Lancaster, South Carolina.
The acquisition included the company’s management. James Goebel, President and CEO of SoTel commented, “With this transaction, SoTel will be able to continue to make great strides towards its expansion and coverage capabilities. We are very enthused about our tremendous opportunities for growth and the addition of CFB as our partner.