Matrix Telecom Buys Excel Telecommunications

Dallas-based Matrix Telecom, a provider of voice and data services to small and medium enterprises, said today that it is in a deal with Denham Capital, where Matrix will acquire substantially all of the customer relationships and assets of Excel Telecommunications. Financial terms of the deal were not disclosed. Matrix Telecom is backed by private equity firm Platinum Equity; Excel Telecommunications is owned by Comtel Telecom Assets LP, which is owned by private equity firm Denham.