Supra Telecom emerges from bankruptcy

From: Supra Telecom
Published: Mon Mar 21 2005

Miramar, Florida. March 21, 2005. Supra TelecomĀ® announced today that it has emerged from bankruptcy under new ownership, Miami based HIG Capital, the largest private equity firm in the southeast, and Maitland, FL based FDN Communications.

Supra TelecomĀ® CEO Russ Lambert said:" We are grateful to all our customers and employees who have made this important milestone possible. We are poised to take the company to the next level with innovative and industry leading products. Our new owners, H.I.G. Capital and FDN, will provide us with the resources that will allow Supra Telecom to continue growing."

Background on Supra TelecomĀ®
Supra Telecom, based in Miramar, is the 2nd largest telecommunications provider in the tri-county area with two hundred and sixty thousand customers and annual revenues exceeding $150,000,000. Supra provides local, domestic and international long distance, voicemail, and internet service to its business and residential customers. Supra provides nearly half of all residential competitive access lines in the state of Florida and is estimated to be the largest residential competitor to BellSouth in Florida. Supra clearly plays a pivotal role in providing real competition in telecommunications services in Florida.

Background on H.I.G. Capital
H.I.G. Capital is a leading private equity and venture capital investment firm with more than $1.5 billion of equity capital under management. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco, H.I.G. Capital specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. Capital invests in management-led buyouts and recapitalizations of well-established, profitable, and well-managed manufacturing or service businesses, and in promising early stage technology companies. Since its founding, H.I.G. Capital has made more than fifty highly successful investments, acquiring companies with combined revenues in excess of $4.0 billion.

Background on FDN Communications
Headquartered in Maitland, Florida, FDN Communications has been a leading growth company over the last six years, providing business class communication services to over 100 markets in Florida and Georgia. Today FDN serves more than 70,000 business locations with more than 250,000 business telephone and Internet lines. FDN offers a complete line of communications services, including local and long distance voice, High-Speed Internet access, Virtual Private Networking (VPN), Web Hosting and Integrated voice and data solutions to businesses.

Company: Supra Telecom
Contact Name: Alberto Alfonso
Contact Email:
Contact Phone: 786-455-4261

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