ViaPath Technologies, which provides telecommunications and other services to the incarcerated population across the US, is in talks to go public through a merger with Tristar Acquisition I, according to Bloomberg, citing people with knowledge of the matter.
A transaction could value the company at more than $1.5 billion, according to the people, who requested anonymity to discuss confidential information. No deal has been reached and it’s possible talks could collapse.
Tristar raised $200 million in an October 2021 IPO with a focus on telecomm companies. Read more.
