BoyarMiller provided legal counsel to Houston-based Amtel Partners, LLC in the purchase of Amtel, LLC, which closed on August 30, 2019. Amtel Partners was led by CEO Andy Priest and President Jeff Bookout.
Based in Grapevine, Texas, Amtel is a leading T-Mobile Premium Retailer (TPR) with 152 locations across multiple U.S. geographies, including Texas, California, Indiana, Ohio, Kentucky, New York and Massachusetts. Amtel is led by long-tenured wireless retail industry veterans who manage a team of highly talented, store-level employees that deliver world-class customer service and leading T-Mobile system operational performance.
“We specifically sought out attorneys that would be deal makers and not deal killers. Bill Boyar came highly recommended from the investment banking community and proved to be creative and a deal maker, for sure,” said Priest. “Bill’s relationships with banks and his experience with credit agreements really helped to get us across the finish line. We look forward to growing the company and to furthering the relationship with Bill and BoyarMiller.”
The BoyarMiller team included co-founding Shareholder Bill Boyar, Senior Associate Cyrus Chin and Associate Alex Parker. The transaction was financed through a senior credit facility provided by Amegy Bank, Woodforest National Bank and Bank of Texas. GulfStar Group served as the financing and structuring advisor to Amtel Partners in the debt placement.
“We are grateful to have had the opportunity to work with Andy Priest and his team, and the GulfStar team led by Scott Winship and Brian Lobo, to complete this capital formation and acquisition. It was a true team effort to overcome several challenges and get the transaction closed. I am particularly proud of the work our BoyarMiller team did to get us to closing,” said Boyar.
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