NewSpring Capital Sells Transcend United to AGC Networks
April 18, 2013
NewSpring Capital has announced the sale of Transcend United Technologies, a Philadelphia-based communications company, to AGC Networks, a subsidiary of the Essar Group. Transcend is a national service provider and technology integrator focused on unified communications and data center infrastructure. The company maintains offices in 12 U.S. states and India, supporting over 1,500 customers. NewSpring made its investment in the company through its NewSpring Mezzanine Capital fund in 2009.