Telvantis Inc. has signed a binding Letter of Intent to acquire AmeriCrew Inc., marking a significant step into the high-growth markets of fiber, 5G wireless connectivity, and edge data centers. This acquisition is poised to leverage the anticipated expansion of the edge computation market, projected to grow at an annual rate of over 30% and reach $43 billion by 2030.
The deal underscores Telvantis's strategy to become a dominant player in local communication infrastructure and networks, supporting emerging technologies like AI, crypto mining, and localized data platforms. AmeriCrew's unique veteran employment model and scalable workforce are expected to complement Telvantis's ambitions, with the acquired entities projected to exceed $12 million in revenues this year at substantial profit margins.
Daniel Contreras, CEO of Telvantis Inc., highlighted the acquisition as a milestone, emphasizing the alignment of values and the strong commercial pipeline with AmeriCrew. Kelley Dunne, CEO of AmeriCrew Inc., pointed to the growing demand for private fiber and 5G Fixed Wireless access networks, seeing the merger as an opportunity to lead in edge computation and local private networks.
This transaction is the first in Telvantis's US-based acquisition strategy, with no common equity expected to be issued. The companies aim to close the deal in the coming weeks, promising a strategic update to shareholders and investors thereafter.
