Acquisition of selected customers drives volume density in key markets in the United States
ATLANTA - October 5, 2015 – Birch Communications, Inc., (“Birch”) a leading technology service provider of IP-based communications, broadband, cloud and IT services to small, mid-sized, enterprise and wholesale businesses, announced today that it has completed the asset acquisition of certain customers from Sage Telecom (Sage) in a 12-state area.
This asset acquisition is comprised of a less-than substantial amount of Sage’s total assets and it will continue to operate as a local exchange carrier in other geographic areas.
This customer acquisition further solidifies Birch’s geographic reach across the Southwest, Southeast and Midwest areas of the U.S.; adding density in key markets across the Birch customer footprint which now extends to all 50 U.S. states, Washington DC, Canada, and Puerto Rico.
“We are excited to welcome these former Sage customers to the Birch family,” said Vincent M. Oddo, President and CEO at Birch. “They are a great fit for us and we are proud and eager to introduce these customers to our award-winning customer care and our expanded product portfolio.”
Customers within these territories have access to a comprehensive product portfolio, nationwide service footprint and award-winning customer care. Beyond basic phone and broadband services, Birch has the ability to provide symmetric internet such as T1, Ethernet over Copper and Metro-Fiber technologies — all solutions that can be used in combination with MPLS. Together with its feature-rich TotalCloud® PBX, TotalCloud® Data Center and TotalCloud® File Storage solutions, Birch has all of the technology that business and residential customers need from one provider.
Redwood Capital Group, a leading investment banking firm focused on the technology, media and communications sectors, served as exclusive financial advisor to Sage Telecom on this transaction.
About Birch Communications
Birch Communications, Inc. is a leading communications, network, cloud and IT solutions provider. Recognized for exceptional customer experience, Birch delivers compelling solutions that assist small, mid-sized, enterprise and wholesale businesses to increase their productivity. Its industry-leading product portfolio is available nationwide and includes Metro-Fiber, Metro-Ethernet, unified communications (UC), hosted phone systems, hosted data centers, and hosted file storage services. For more information, visit birch.com.
About Redwood Capital Group
Redwood Capital Group is an investment banking firm serving the technology, communications, media, business services and other growth industries. The firm focuses on mergers & acquisitions, corporate finance, restructuring and valuation advisory services for its clients worldwide. Redwood has offices in New York, Los Angeles and Geneva and via its LD&A Redwood Joint Venture, fully-staffed offices in London, Paris, Munich, Berlin and Amsterdam. Additional information can be found at redcapgroup.com.
Redwood Capital is the marketing name for Redwood Capital Group and its subsidiaries. All securities transacted through RCG, LLC member FINRA/SIPC, a wholly-owned subsidiary of Redwood Capital Group. Additional information can be found about FINRA at finra.org and SIPC at sipc.org
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