Birch Communications confirms buy of PE-backed Primus Canada
Birch Communications Inc has confirmed a previously announced agreement to acquire select assets and customers of Primus Telecommunications Canada Inc, a full-service telecommunications services provider. No financial terms were released. The deal, which is expected to close in the second quarter, will help the Atlanta, GA-based Birch expand its services footprint to include all of the major cities in Canada, the company said. As reported by PE Hub Canada in January, Etobicoke, Ont.-based Primus obtained creditor protection earlier this year. The company was acquired by U.S. private equity firm York Capital Management in a US$129 million deal in mid-2013.
14 March 2016•4 mins read
