New Orleans, LA – January 9, 2017 – Legacy Capital, an advisory firm specializing in investment banking for private company owner value creation, is pleased to announce that on December 15, 2016, its clients, Casey and Mark Frederick, management of South Texas Cellular Services, Inc. (STCS), along with Perry Vincent, president of Louisiana Radio Communications, Inc. (LRC), have recapitalized STCS.
STCS is an emerging and rapidly growing contractor for the construction and maintenance of cell towers and small cell and rooftop tower installations in Texas, Louisiana and into the lower Midwest. Under the leadership of Casey and Mark Frederick, the company has developed a reputation for quality work delivered on a timely basis. Casey and Mark have led the company’s explosive growth over the past 16 months. STCS has a list of blue-chip clients such as Verizon, Crown Castle and American Tower Corporation.
LRC, founded in 1947 and headquartered in Lake Charles, Louisiana, is a premier system integrator of wireless communication systems and services. For over 75 years LRC has been handling applications of wireless communications including sales, service, and warranty services , two-way radio systems, design and construction of wireless computer networks, antenna systems, tower sales service and erection and fiber optics voice and data installation. Under the leadership of Perry Vincent, LRC wireless has grown to be one of Motorola’s top providers not only in Louisiana but in the United States.
Perry Vincent stated, “I am delighted to become an owner, alongside Casey and Mark, of STCS. Casey and Mark have a great reputation in the industry, and together we can continue to provide the quality services that STCS customers have come to depend upon, and continue the rapid growth of the company.” Casey Frederick stated, “Mark and I are very excited to become owners of STCS and begin our partnership with Perry and LRC. We expect to realize a great relationship with LRC and utilize its strategic support and industry knowledge to continue building on our success at STCS.”
Legacy Capital served as transaction advisor to the Fredericks. Chip Porter, Managing Director, said “It was a great pleasure working with Casey and Mark and helping them realize their goal of becoming an owner of STCS, which they have successfully managed. It was also a pleasure working with Perry Vincent and his advisors.” Casey added, “I had no idea how complicated a transaction for a small company could be. Chip and the team at Legacy expertly guided us through several unexpected twists to help us realize our goals.”
Legacy Capital helps create value for owners of private companies with its depth of knowledge and technical execution expertise in mergers and acquisitions, recapitalizations and general financial advisory. Legacy Capital also provides valuation opinions and complex litigation support services.
Legacy Capital is a trade name for Legacy Capital, LLC and Legacy Capital Fund, Inc., a FINRA registered broker-dealer and SIPC member firm. www.legacycapital.com
Chip Porter – Managing Director
Legacy Capital LLC