GTT Acquires UNSi
2014年10月1日 - 10:09PM
ビジネスワイヤ(英語)
GTT Communications, Inc. (NYSE MKT: GTT), the leading global
cloud networking provider to multinational enterprises, announced
it has closed, effective today, the acquisition of UNSi, a
communications company providing data services to large enterprise
and carrier clients.
Currently operating at an approximate $55 million annualized
revenue run rate, UNSi delivers high capacity Ethernet and MPLS
wide-area-network solutions, Internet services and a broad range of
managed services to more than 2,000 clients headquartered in the
United States.
“The UNSi acquisition complements GTT’s strategy to extend
ubiquitous network connectivity, to expand our portfolio of cloud
networking solutions, and to deliver outstanding client experience.
We are adding a great team of employees throughout sales, service
delivery, network engineering, operations and back-office support
to ensure we deliver for our growing client base with simplicity,
speed and agility,” said Rick Calder, President and CEO of GTT.
“This transaction is another step toward our next financial
objective of $400 million in revenue and $100 million in adjusted
EBITDA.”
“We are excited about the opportunity and potential of the
combined company on behalf of UNSi clients, and we look forward to
a smooth transition and integration,” said Francis D. John,
President and CEO of UNSi.
GTT acquired UNSi for $40 million comprised of a combination of
cash and stock. “We financed the acquisition with cash-on-hand and
a $15 million delayed draw term loan under our existing credit
agreement,” said Michael Bauer, Chief Financial Officer of GTT. “In
August, we completed a debt financing strengthening our balance
sheet and providing the company with the flexibility to pursue
accretive acquisitions, such as UNSi, which accelerate our growth
strategy.”
About GTT
GTT operates a global Tier 1 IP network with the most
interconnected Ethernet service platform around the world. We
provide highly reliable, scalable and secure cloud networking
services. Our clients trust us to deliver solutions with
simplicity, speed, and agility that are unmatched by other network
providers. For more information, visit www.gtt.net.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” that
involve substantial risks and uncertainties, including statements
about the combined entities’ financial and operational performance
and expectations about the impact of the acquisition on our
business. All statements, other than statements of historical fact,
included in this press release are forward-looking statements. The
words “anticipates,” “believes,” “efforts,” “expects,” “estimates,”
“projects,” “proposed,” “plans,” “intends,” “may,” “will,” “would,”
and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. Actual results or events could differ
materially from the plans, intentions and expectations disclosed in
the forward-looking statements we make. Factors that might cause
such differences include, but are not limited to: (i) any
post-closing adjustment to the purchase price pursuant to the terms
of the purchase agreement between GTT and the Company; (ii) our
ability to successfully integrate the acquired business and in a
timely manner; (iii) the risk that cost savings and other benefits
we expect to receive may not materialize in part or at all; and
(iv) other important factors included in our reports filed with the
Securities and Exchange Commission (the “SEC”), particularly in the
“Risk Factors” section of our Annual Report on Form 10-K for the
period ended December 31, 2013, as such Risk Factors may be updated
from time to time in subsequent reports. Furthermore, such
forward-looking statements speak only as of the date of this press
release. We undertake no obligation to update any forward-looking
statements to reflect events or circumstances after the date of
such statements, except as required by law.
GTT Media InquiriesAnn Rote,
1-703-677-9941ann.rote@gtt.netorGTT Investor Relations
InquiriesGreg McNiff, 1-703-454-9412gregory.mcniff@gtt.net
GTT Communications, Inc. (AMEX:GTT)
過去 株価チャート
から 5 2024 まで 6 2024
GTT Communications, Inc. (AMEX:GTT)
過去 株価チャート
から 6 2023 まで 6 2024