CITRUS HEIGHTS, Calif., Feb. 13, 2017 /PRNewswire/ -- ITC Service Group ("ITC"), a leading provider of broadband installation, planning, design and staffing solutions to the telecommunications and IT industries, today announced the acquisition of substantially all of the assets of Clear Cell Management, Inc. ("CCM").
The acquisition of CCM allows ITC to become a turnkey provider of services to the wireless telecommunications industry. CCM, with offices in the New York, New Jersey and California, adds new service lines, clients and markets to ITC's rapidly expanding platform of services and locations around the country.
"I am pleased to announce this strategic acquisition," said Tim Sauer, ITC's President. "ITC has an ongoing growth strategy, and this acquisition is an important part of that plan. CCM is an outstanding addition to the ITC family. In addition to the business they bring to our portfolio, this acquisition allows us to offer the full array of wireless services to ITC's existing telecommunications clients. Rob Bradley, CCM's Chief Executive Officer will serve as Senior Vice President of ITC's Wireless Division, and he brings with him a very talented team of committed professionals. With the upcoming roll out of 5G wireless networks nationwide, ITC is perfectly positioned to support these projects on a large scale, providing both fiber and wireless solutions. I have enjoyed getting to know the entire CCM team, and I look forward to the synergies we will create for our clients in the wireless sector."
"I am excited about this transaction," added Rob Bradley. "As an integral part of the ITC family, we will continue to provide excellent service and support to our wireless clients. With the financial strength and support of ITC, and its owner Moorgate Capital Partners, our combined team will provide even more value to our wireless clients and, at the same time, drive significant expansion of new markets and services. We will be able to strengthen our subcontractor and vendor relationships and also provide employees with more opportunity. I could not be more impressed with the ITC and Moorgate teams, and the emphasis they have placed on our clients and employees throughout the integration process. Our current team will remain in place to ensure a seamless transition for our clients and stakeholders."
About ITC Service Group
ITC, with headquarters near Sacramento, CA, provides technical staff augmentation, OSP / ISP design and broadband installation service solutions for the planning / design, construction management, installation / maintenance of voice, data and video networks, nationwide. ITC has offices in the west and midwest and now, with the acquisition of CCM, in the northeast as well. ITC employees more than 700 people nationwide.
About Moorgate Capital Partners
Moorgate Capital Partners is an independent merchant bank and advisory firm focused on the technology, media, and communications industries. Moorgate partners with industry leading executives and management teams to source and invest in middle market growth opportunities. Moorgate has offices in New York, NY and San Francisco, CA.
CCM is a provider of outsourced services for the wireless communications industry, including planning, deployment, construction and management of network build-outs. CCM provides wireless carriers with comprehensive real estate site acquisition and zoning services, radio frequency and network design and engineering, infrastructure equipment construction and installation, maintenance, DAS and in-building services, small cell deployment, radio transmission base station modification and project management services.
ITC Service Group
7777 Greenback Lane, Suite 201
Citrus Heights, CA 95610
Phone: (877) 370-4482
Fax: (877) 360-4482
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SOURCE ITC Service Group