A day after announcing its planned acquisition of FairPoint, Consolidated Communications has made another inorganic move but in the opposite direction. They have entered into a definitive agreement to sell their Enterprise Services equipment and IT Services business to the systems integrator ePlus.
This division of Consolidated is the non-network piece of what used to be Enventis. It is based in Minneapolis generated about $55M in revenue in 2015. Its sale will let Consolidated focus on the network side of things, while forging a deeper relationship with ePlus on the equipment and IT services side of things.
Meanwhile ePlus adds more scale to their capabilities. Almost exactly a year ago they did a deal of similar size, acquiring Connecticut-based IGX.
No financial details were given, but the deal has already officially closed.
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