PE-backed Primus Canada to be bought by Birch Communications
Primus Telecommunications Canada Inc, which sought and obtained creditor protection earlier this month, has agreed to be bought by Birch Communications Inc, a U.S.-based provider of IP-based communications, broadband, cloud and IT services. No financial terms were disclosed. Founded in 1997, Toronto-based Primus is a telecommunications service provider in the domestic market. It was acquired by U.S. private equity firm York Capital Management in a US$129 million deal in May 2013.
27 January 2016•1 min read
