AFL on May 28 announced that it has acquired a majority stake in ITC Service Group, a Sacramento-based company providing managed services related to fiber-optic networks including broadband, outside plant, wireless and workforce solutions, for an undisclosed sum.
“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, which employs 600 people across the U.S., will continue to operate under its current name. It has four business units that deliver planning design, construction, installation, and maintenance services for voice, data and video networks.
The ITC business units' offerings encompass 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 offerings.
“AFL and ITC Service Group are built on similar core values which include quality, collaboration, and integrity,” said Jody Gallagher, president and CEO of AFL. “The synergies created by this investment will drive growth and expand our client base across North America.”
Affiliates of Moorgate Capital Partners, LLC and Tim Sauer will remain shareholders of ITC.