Press Releases
Proprax Consolidation Inc. Acquired
January 29, 2018, Proprax Consolidation Inc. (a subsidiary of Proprax International) has acquired HI-Avenue™, Inc. for both cash and equity clearing the way for further expansion in telecom, construction, and network markets with disruptive fiber and cable product pricing.
Proprax Consolidation Inc.’s (PCI’s) efforts to acquire mid-market suppliers for selected products took another step forward with the acquisition of California based telecom, network, and construction fiber and cable supplier HI-Avenue.
HI-Avenue’s management was seeking an opportunity to become a force in the telecom and network fiber and cable markets with a partner that could bring marketing expertise and capital to its mission.
PCI’s has launched a new effort to consolidate mid-market strategic suppliers of cable and fiber to the telecom, construction, and network markets with its debt and equity partners. “We see an opportunity to bring great effectiveness and efficiencies to an established set of markets that have over-structured distribution channels”, said Dr. Hiram Willis Proprax CEO. By eliminating several of the channel layers with products that are ½ current US market costs, we feel that savings can drop right to customers bottom-line, he further mentioned.
PCI seeks accretive value-creating companies to acquire that fits our business, financial, and culture-socialization models; such is the case with HI-Avenue™.
PCI plan to add several other acquisitions over the next 3 years.
Profit Praxis International is the Parent company for ProPrax Capital, Proprax Consolidated, Inc. and ProPrax Management Services. PPI seeks to provide mid-market firms strategic management services and marketing programs to better leverage existing resources, as well as the capital to implement a disruptive business plan.
Proprax Consolidated Inc. is a subsidiary of Profit Praxis International. PCI’s mission is to consolidate mid-market distribution channels where cost, price, and superior quality are strategic advantages for resellers.
HI-Avenue™ is a distributor of fiber & cable products and support equipment targeting the telecom, construction, and network markets. The Company’s mission is to bring high quality connectivity products to US markets at a market-disruptive-price.