Birch Acquires Assets of Freedom Communications USA
8th "Tuck-In" Acquisition in Last Four Years.
Sept. 16, 2010
- Birch Communications, a leading IP-based telecom andmanaged services provider for small and medium-sized businesses, announced today that it hassigned a definitive agreement to acquire substantially all of the customer assets of TennesseeTelephone Service, LLC, d/b/a Freedom Communications USA, a competitive local exchangecarrier based in Dickson, TN. Freedom Communications USA provides local, long distance, andInternet services to business and residential customers in 11 states."Birch welcomes the former Freedom USA customers with open arms", said Chris Aversano,Birch COO. "Birch has worked hard over the last 14 years to establish a strong reputation forexcellent customer satisfaction, and we look forward to providing world-class products andaward-winning customer service for our newly acquired customers.""I am very pleased to have signed a definitive agreement to acquire the assets of FreedomCommunications USA said Vincent M. Oddo, Birch president and chief executive officer."Acquiring these assets is part of our dual corporate strategy of completing highly-accretive assetacquisitions while also increasing our organic sales efforts to expand our business."During the past three years Birch has achieved 151 percent revenue growth, and was ranked inthe Inc. magazine 500|5000 fastest-growing private companies in 2004, 2009 and 2010. Birchwas also named the seventh fastest -growing private company in Atlanta by
the Atlanta BusinessChronicle
in 2010.Redwood Capital Group acted as advisors to Birch in this asset transaction.
About Birch Communications
Headquartered in Atlanta, GA, Birch Communications is one of the largest IP-basedtelecommunications and managed services providers serving small business customers in 32states in the southeast, southwest and midwest. Birch is the first in its class to deploy a privateIP-Network utilizing soft switch technology to deliver innovative, high quality, affordable voiceand broadband communications services to small and medium-sized business customers. Pleasevisit www.birch.com for more information.
Contact:Greg Corwin, Marketing Directorgreg.firstname.lastname@example.org 816.300.1686
About Freedom Communications USA
Freedom Communications USA has been serving business and residential customers in 11 statesin the southeast and midwest since July 2000, offering bundled local, long distance andbroadband Internet service. Freedom Communications USA is headquartered in Dickson, TN.