Under the terms of the acquisition, ADDvantage acquired the assets of Triton Datacom for $6.5 million in cash, $2.0 million of deferred payments over the next three years, and an earnout over the next three years. ADDvantage funded the acquisition largely through additional debt of $4.0 million payable over three years. All members of the Triton management team are expected to stay with the company and remain in the same roles, as Triton will operate as a standalone subsidiary of ADDvantage. ADDvantage expects the acquisition of Triton to be immediately accretive to ADDvantage's consolidated EBITDA.About ADDvantage Technologies Group, Inc. ADDvantage Technologies Group, Inc. (NASDAQ:AEY) supplies the cable television (Cable TV) and telecommunications industries with a comprehensive line of new and used system-critical network equipment and hardware from a broad range of leading manufacturers. The equipment and hardware ADDvantage distributes is used to acquire, distribute, and protect the communications signals carried on fiber optic, coaxial cable and wireless distribution systems, including television programming, high-speed data (Internet) and telephony. In addition, ADDvantage operates a national network of technical repair centers focused primarily on Cable TV equipment and recycles surplus and obsolete Cable TV and telecommunications equipment. ADDvantage operates through its subsidiaries, Tulsat, Tulsat-Atlanta, Tulsat-Arizona, Tulsat-Nebraska, Tulsat-Tennessee, Tulsat-Texas, NCS Industries, ComTech Services and Nave Communications. For more information, please visit the corporate web site at www.addvantagetechnologies.com. The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company's reports and documents filed from time to time with the Securities and Exchange Commission.
For further informationCompany Contact:Scott Francis (918) 251-9121KCSA Strategic CommunicationsGarth Russell (212) email@example.com