Atlanta holding company buys LA communications provider for $343M

Atlanta-based holding company Pensare has settled its first major acquisition since going public.Pensare Acquisition Corp. (NASDAQ: WRLS), a special purpose acquisition company, said earlier this month it will buy U.S TelePacific Holdings Corp. — better known as TPx Communications — for $248 million in cash and another $95 million in Pensare equity to TPx equity holders. The combined company’s value will be approximately $1.1 billion, accordin