Camarillo broadband provider GeoLinks announced that it had acquired Huntington Beach-based internet service provider Vectus in a cash and stock deal March 20.
The deal brings Vectus’ fixed wireless network and Southern California customer base to GeoLinks, as well as augmenting its team with key staff members, the company said in a news release.
“With founding roots in Southern California, GeoLinks has been familiar with Vectus’s robust wireless network for quite some time,” GeoLinks CEO Skyler Ditchfield said in a news release. “When the opportunity to officially acquire Vectus came to the table, all parties knew immediately that merging networks would be seamless from an operations standpoint, and prove immensely beneficial to existing and future clientele.”
Company migration is expected to begin immediately, Ditchfield added, helping GeoLinks build out its ClearFiber network. Customers should not expect to experience disruptions in service during the transition, the statement said.
GeoLinks debuted at No. 6 on the Pacific Coast Business Times 50 Fastest-Growing Companies list in 2017, and ranked No. 640 on the Inc. 5000 list of fastest-growing companies. The company reported revenue of $8.8 million in 2016.
The two companies had “synergistic beliefs,” said David Saylor, president and chief technology officer at Vectus, making it a natural fit.
“By combining assets, all current and future customers will now have access to an even more resilient and redundant wireless network,” he said. “Skyler and GeoLinks are highly respected leaders and innovators in the world of telecom, and I speak on behalf of the entire Vectus team when I say that we’re extremely pleased to be combining forces and joining their efforts.”
The companies did not disclose specific financial terms of the deal.
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