AFL,
an international manufacturer of fiber optic cable, accessories and
equipment, and provider of network services, announces the purchase of a
majority stake in ITC
Service Group, a Sacramento-based company providing services related
to fiber optic networks including broadband, outside plant, wireless and
workforce solutions.
“AFL and ITC Service Group are built on similar core values which
include quality, collaboration and integrity,” explained Jody Gallagher,
president and CEO of AFL. “The synergies created by this investment will
drive growth and expand our client base across North America.”
Founded in 1999, ITC
Service Group provides managed services and workforce solutions for
the nationwide planning design, construction, installation and
maintenance of voice, data and video networks. ITC operates four
divisions: broadband
services including FTTH installation and repair, MDU installations
and repair, drop placements and dispatch services; outside
plant services including design, construction management, project
management, program management, splicing and testing; wireless services
and workforce solutions.
“Our investment in ITC will allow us to compete more effectively,”
commented Joe Grech, president of AFL’s Network Services division. “As
FTTH, 5G capabilities and Smart Buildings continue to progress, we will
be equipped to provide the best services available in the industry to
our customers. We are confident that Jim Rush, ITC’s newly appointed
president, brings to our combined customer base the operational
excellence for which ITC is known.
ITC
Service Group will continue to operate under its own name and retain
some 600 employees across the United States. Affiliates of Moorgate
Capital Partners, LLC and Tim Sauer will remain shareholders of ITC.
Additional terms of the investment were not disclosed.
For additional information on AFL, its products and services, visit www.AFLglobal.com.
About AFL
Founded in 1984, AFL is an international manufacturer providing
end-to-end solutions to the energy, service provider, enterprise and
industrial markets as well as several emerging markets. The company’s
products are in use in over 130 countries and include fiber optic cable
and hardware, transmission and substation accessories, outside plant
equipment, connectivity, test and inspection equipment, fusion splicers
and training. AFL also offers a wide variety of services supporting data
center, enterprise, wireless and outside plant applications.
Headquartered in Spartanburg, SC, AFL has operations in the U.S.,
Mexico, Canada, Europe, Asia and Australia, and is a wholly-owned
subsidiary of Fujikura Ltd. of Japan. For more information, visit www.AFLglobal.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005513/en/