News Releases

McColl Partners Closes Business Services Transaction

McColl Partners, LLC advised Interpath Communications, Inc. ("Interpath"), a portfolio company of Bain Capital, on the sale of its digital subscriber line business to ClearPath Networks, Inc. and its frame relay business to US LEC Corp.  These two divestitures maximized the value of Interpath's assets while still meeting the acquirors' needs and valuation thresholds.

About Interpath Communications, Inc.

Interpath is a full-service application services provider ("ASP") founded in 1998 and based in Research Triangle Park, North Carolina.  In May 2002, Interpath merged with USi, Inc., of Annapolis, Maryland, to create one of the largest enterprise ASPs in the United States with more than 130 customers.

About McColl Partners, LLC

McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies.  With significant experience working with private equity groups, entrepreneurs, family-owned businesses, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

For more information on our Business Services Group, please contact Eric Andreozzi at (704) 333-0525.  More information about McColl Partners can be found at www.mccollpartners.com