TCC Wireless

Situation

TCC Wireless, LLC (“TCC” or the “Company”), headquartered in Carol Stream, Illinois, is a leading specialty retailer and the third largest independent retail dealer for T-Mobile in the United States. The Company operates over 120 T-Mobile stores across 14 states in the highly attractive and fragmented wireless communications industry.

As one of T-Mobile’s preferred retailers, TCC has successfully opened new stores and acquired several other dealers within the T-Mobile network.

TCC delivers a highly differentiated retail experience using proprietary back-office systems which translate to better quality sales, high employee retention, and ultimately, best-in-class rankings within T-Mobile’s dealer base.

The company wanted to continue its successful acquisition strategy as well as refinance its capital structure.

Solution

Amherst Partners, working with other advisors on behalf of TCC, analyzed the company’s short- and long-term needs to develop an aggressive growth strategy and worked to identify a new partner to help the company achieve its goals.

Amherst Partners contacted a number of potential financing sources on behalf of TCC and secured a significant amount of interest from the lending community.

Results

Amherst Partners was able to help the company secure a unitranche financing, including a delayed-draw term loan, from Brightwood Capital.

The funds will be used to recapitalize the business, providing TCC with the flexibility to continue its rapid growth, both organically and through additional strategic acquisitions.