Centre Partners, a middle market private equity firm with offices in New York and Los Angeles, has completed a recapitalisation of Midwest Mobility Solutions (MMS), a leading National Authorised Retailer for AT&T.
The co-founders of the business, Matt Sharrak and Nash Khami, will continue to maintain a significant ownership stake and lead the business. Financial terms have not been disclosed.
Founded in 2008 in Troy, Michigan, MMS operates over 85 stores across seven states to provide customer service and market a wide range of wireless, broadband, entertainment and streaming products and services exclusively for AT&T, the operator of the most reliable 5G network.
“Centre Partners is enthusiastic to partner with a very passionate and committed team,” says Bruce Pollack, Managing Partner of Centre Partners. “We believe MMS represents a highly attractive growth platform and is poised to capitalise on a number of compelling growth opportunities, including increasing its geographic footprint and expanding further into its existing and adjacent markets.” Mr. Pollack added, “MMS represents the latest partnership with founders, families and entrepreneurs who recognise the value of Centre Partners’ experience and operating resources.”
Sharrak says: “We are excited to partner with Centre Partners in the next chapter of growth for MMS. Centre Partners’ deep industry experience and long history of successfully collaborating with founders makes them an ideal partner for our business.”
Khami adds: “We could not be more excited about the growth prospects for our business, and we look forward to capitalising on the significant opportunities available to MMS and AT&T.”
Akerman LLP provided legal counsel to Centre Partners.
