Birch Communications put the final touches on its acquisition of AstroTel's assets, a move that instantly expands its Florida network and service presence.
With this purchase complete, the service provider gains an IP-based network that spans the Tampa, St. Petersburg, Clearwater, Sarasota and Bradenton markets on Florida's west coast.
AstroTel is the 14th deal Birch has completed in the past six years to grow the company via what the CLEC calls "tuck-in" acquisitions and organic growth initiatives.
Vincent Oddo, Birch president and CEO, said that it will apply its experience of its 13 previous acquisitions in so it can ensure "a smooth transition for all former AstroTel customers, dealers and wholesale partners."
While AstroTel is the latest deal it has tucked into its growing portfolio, it won't likely be its last. Fresh with $77.5 million in new funding from Bank of America, Oddo previously said they would seek out other deals to increase customer density and expand its IP network via "tuck-in" acquisitions.
For more:
- see the release
Special report: The most important M&As of 2011
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