LITTLE ROCK, Ark., March 27, 2018 (GLOBE NEWSWIRE) -- Windstream Holdings, Inc. (NYSE:WIN, news, filings) announced today it has acquired MASS Communications, a privately held New York-based telecommunications network management company, for approximately $37.5 million in an all-cash transaction, or less than 4x trailing 12 months (TTM) OIBDAR inclusive of synergies, which are expected to be fully realized within 90 days.
MASS Communications serves a broad range of small to mid-sized global enterprises in the financial, legal, healthcare, technology, education and government sectors, providing custom engineered voice, data and networking solutions.
“This acquisition adds a well-run company with a customer-first mindset and an impressive track record of growing revenue to Windstream. MASS Communications customers now will have access to Windstream Enterprise’s deep portfolio of networking solutions and cloud-based services, including SD-WAN Concierge and OfficeSuite,” said Layne Levine, president of Windstream Enterprise & Wholesale.
Levine also announced that MASS Communications CEO Darren Mass has been named president-resale for the company’s Enterprise & Wholesale business unit.
“MASS Communications has built a phenomenal portfolio of clients through both partner and reseller relationships. Darren’s collaborative, customer-centric approach to solutions and commitment to a superior customer experience are aligned with our company values. I am confident his leadership of our reseller business will help drive organic revenue growth,” Levine said.
Windstream Holdings, Inc. (NASDAQ:WIN), a FORTUNE 500 company, is a leading provider of advanced network communications and technology solutions. Windstream provides data networking, core transport, security, unified communications and managed services to mid-market, enterprise and wholesale customers across the U.S. The company also offers broadband, entertainment and security services for consumers and small and medium-sized businesses primarily in rural areas in 18 states. Services are delivered over multiple network platforms including a nationwide IP network, our proprietary cloud core architecture and on a local and long-haul fiber network spanning approximately 150,000 miles. Additional information is available at windstream.com or windstreamenterprise.com. Please visit our newsroom at news.windstream.com or follow us on Twitter at @Windstream or @WindstreamBiz.
David Avery, 501-748-5876
Chris King, 704-319-1025
Source: Windstream Holdings, Inc.