After Fredericksburg, TX, TechDash Telecom ran out of cash when investment funding fell through, and they were aware that one of their lenders would be shortly filing a lawsuit since a note for $4,000,000 had matured, and the company was in default for nonpayment, the turnkey infrastructure company closed its doors on September 11, 2023, according to information obtained by Wireless Estimator.
It is unknown how many employees were let go, but estimates from company social media sites and other outlets put the headcount between 225 and 400 employees.
This latest failure and other recent closings put wireless infrastructure unemployment at a level it hasn’t seen in years, and clarion calls to fill a shortage of workers are now muted.
However, some companies, such as SBA Communications, Tilson Technology Management, Pearce Services, Pillar Innovations, Butler America Telecom, and dozens of other large and small industry companies, are seeking talent.
They can be found on Wireless Estimator’s longest-running and most successful industry job board, where companies have always been able to advertise their employment needs at no charge. Another opportunity for job seekers is the site’s highly-read positions wanted job board that often gets results within hours – again, available at no cost.
Lawsuits against TechDash are starting to surface
TechDash, under the leadership of CEO John Goodman, was founded on March 9, 2020, when the corporate name of Goodman Telecom Services, LLC was amended to TechDash Telecom L.L.C.
On August 31, 2023, a lawsuit was filed by Graybar Electric Company, Inc. to recover $40,406.08 from TechDash for materials they started purchasing on January 20, 2023. Graybar filled TechDash’s last purchase order on June 21, 2023, after not receiving any payments. The lawsuit identifies that some of the conduit and other materials were for Nokia of America projects.
Yesterday, Amarillo National Bank (Amarillo) filed a petition against Greater Tech Holding, Inc., the umbrella company of TechDash, and John Goodman to collect a $4,000,000 loan and an additional $208,555 in interest at a rate of 17 percent.
Amarillo alleges that on September 22, 2022, the bank provided a promissory note to DeBauche OSP Communications, LLC, also located at TechDash’s address, but the company defaulted by failing to make a required payment for the note that matured on July 13, 2023.
Goodman granted Amarillo a security interest in all of the company’s assets.
TechDash executives did not respond to multiple requests for information.