Stout announced today that its client, King TeleServices LLC (“King”), an affiliate of American Stock Transfer & Trust Company, LLC (“AST”), has been acquired by Skyview Capital, LLC, a private equity firm based in Los Angeles. Stout served as exclusive financial advisor to King in connection with this transaction.
Headquartered in Brooklyn, NY, King provides contact center services to enterprise and local government customers across the United States. King maintains a longstanding relationship with the City of New York in connection with NYC311, which delivers access to non-emergency city services and information about local government programs to residents.
Marty Flanigan, President and CEO of AST, emphasized the importance of this acquisition in the evolution of both companies. “This acquisition will allow King to deepen its work in the municipal sector, while AST can focus on its core businesses, including tech-enabled data ownership management and advisory services,” Flanigan commented.
“Skyview has the vision and operational experience to grow King into a major call center services provider,” said Rajesh Bajaj, President of King. “The reputation we have established for service excellence will only be enhanced under Skyview’s stewardship.”
“King provides a critical outsourced service for a demanding set of prestigious customers,” said Stout Managing Director Steven Rathbone. “As advisor to King and AST, we are delighted to partner King with Skyview to drive value for both organizations.”
Stout’s Steve Simone assisted in executing the deal.
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