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In June 1996, Transition Capital Partners launched Fast Connections, a reseller of local phone service. The company experienced significant growth by providing prepaid service to customers who cannot get service from the local operating company. During 1996 Fast Connections completed its first round of outside equity financing with Hunt Capital and a group of outside investors. The company acquired two regional competitors during 1997 and one more during 1998. Fast Connections was merged with 1-800-RECONEX in December 1997, which is in the same business. In 2002, 1-800-Reconex established a division named US Tel to provide the same services on a post-paid basis to creditworthy customers. 1-800-Reconex presently serves customers in 44 states.
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