Not a bad idea. My concerns would be trading control by S&L for control by TPL. Even you suggest JT becoming a Division head in the new entity - do you think he'd relish the downgrade? And if Telesys has trouble?
IF Telesys could bring a little more to the table and our guys had equal control of the overall corporation, then maybe I'd be more enthusiastic about the idea. It ain't a bad one! Could be done. And it might would be in everyone's best interest. Maybe.
SGE