An Investment group led by Crane Investment Company has acquired 60% of The SpyGlass Group, Inc. for an undisclosed consideration.
The SpyGlass Group, Inc. is a leading provider of niche telecommunications expense management services. Headquartered in Westlake, Ohio, the company’s services include audit and implementation of telecom expense savings opportunities such as recovery of funds paid in error, elimination of unnecessary services and improvement of provider cost structures. The company serves a diverse range of customers, including private sector businesses of all sizes, government agencies, educational institutions and healthcare facilities.
Based in Columbia, Ohio, Crane Investment Co. is the investment arm of The Crane Group specializing in acquisitions. The firm primarily invests in real estate and other growth opportunities. It prefers to invest in companies that will make use of the building, construction products, and services offered by other Crane Group business units.
Oaklins' team in Cleveland served as the exclusive investment banker to The SpyGlass Group, Inc. in its recapitalization.
Charles V. Aquino
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