Birch continues acquisition streak with Lightyear deal

Birch Communications, a growing IP-based competitive provider focused on small to medium-sized businesses, has signed a deal to purchase various customer and network elements from Lexington, Ky.-based Lightyear Network Solutions for an undisclosed sum.  

Lightyear has built a facilities-based network, which incorporates Metaswitch voice switches, to serve a mix of business and residential customers throughout the United States.

Vincent Oddo, president and CEO of Birch, said in a release announcing the acquisition that in addition to gaining Lightyear's network facilities, hosted PBX offering and switching center in Lexington, "several new markets within Kentucky will be added to our network footprint which will expand our overall Birch IP-Network to 11 states."

This is the 18th acquisition Birch has made since 2006 as part of its "tuck-in" strategy that is focused on purchasing other service providers that can add complementary service and network assets to its fold.

Lightyear itself was aggressive with its acquisition plan and growth strategy. After going public in 2010 under the LYNS stock symbol, the service provider set forth ambitious plans to attract new investors and funding to purchase other CLECs. In 2011, it completed the integration of SouthEast Telephone, a regional service provider it purchased in 2010.

After meeting Lightyear's shareholder approval, customary regulatory approvals, and other closing conditions, Birch expects the deal to close in Q3 this year.

For more:
- see the release

Special report: The top wireline mergers & acquisitions in 2012

Related articles:
Birch's Covista acquisition extends its presence into 10 new states
Birch waives fees for Mississippi storm victims
Birch finishes IP network expansion to 290 central offices
Birch Communications gets $12 million from CoBank
Birch launches credit program for SMBs and startups
Birch Communications makes 17th acquisition with Covista purchase

Suggested Articles

With Covid-19 as the backdrop, Comcast Business has teamed up with HPE's Aruba to offer an enterprise-grade VPN service that's called Teleworker VPN.

Lumen announced an online self-service portal that lets businesses buy and configure their networking, edge cloud and security solutions in minutes.

Another domino has fallen in the SD-WAN sector with Monday's news that Juniper Networks is buying 128 Technology for $450 million.