Matrix Telecom, Inc., a Platinum Equity company and provider of voice and data services to small and medium enterprise and residential customers across the United States, has completed the acquisition of substantially all the customer relationships and assets of Irving-based Comtel Telcom Assets LP, operating as Excel Telecommunications from Denham Capital.

Financial terms of the transaction were not disclosed.

"We are committed to making Matrix the highest-quality, most affordable choice for wholesale voice services in the telecommunications industry," said Charles G. "Chuck" Taylor, Jr., president and CEO of Matrix, in a statement.

Taylor said that Excel provides Matrix with complementary network coverage, state-of-the-art switching, loyal and valued customers and an experienced, customer-centric work force. Matrix and Excel are a perfect fit, he added.

Excel Telecommunications (News - Alert) provides a suite of high-quality, integrated voice and data communications products and services to residential, commercial and carrier customers. Based on its Veraz softswitching platform, it has developed and deployed next generation, IP-based voice and data services.

A team of Platinum in-house operations specialists is working with Matrix and Excel management to integrate the two businesses. Excel's services will continue to be marketed under their existing brand names.

"We have a lot of experience seamlessly integrating complex telecom acquisitions and the transition process is already well under way," said Rob Joubran, partner and treasurer for Platinum Equity.

Joubran said that Matrix and Excel are complementary businesses with a shared commitment to delivering the highest levels of customer service. 

“We expect both will grow even stronger as a result of this combination," he said.

The acquisition is Matrix's third in the last four years, having successfully integrated the small business group of Global Crossing (News - Alert) in 2006 and certain assets of the former Trinsic Communications in 2007.