ELKHART, Kan. and NATCHITOCHES, La., July 15, 2019 /PRNewswire/ — EPIC TOUCH CO. d/b/a/ EPICTOUCH, a leader in rural broadband in SW Kansas, announced today that it has completed the acquisition of CP-TEL Holdings, Inc. (together with its subsidiaries, “CP-TEL”), a leading broadband provider in Northwest Louisiana.
Trenton D. Boaldin, CEO of EPICTOUCH said, “The acquisition of CP-TEL, which increases the EPICTOUCH broadband subscriber base by more than fivefold, is a crucial milestone for our company’s strategic plan to grow through acquisition and strategic expansion. We look forward to further growing the company and bolstering broadband services across our growing markets.”
Richard Gill, President and CEO of CP-TEL stated, “I’m excited at what the synergies of the combined companies will bring to both markets, and new markets as EPICTOUCH expands through additional acquisitions and strategic expansion”
Under the agreement Gill will stay on as the General Manager of CP-TEL. Both Boaldin and Gill are committed to continued growth of the broadband company and have no plans to change the number of employees at either location. EPICTOUCH’s Boaldin shared, “Joining the two great teams together is a great combination because both of our family owned companies share similar values and a commitment to the communities we serve.”
The acquisition was a stock transaction in which EPICTOUCH will acquired 100% of CP-TEL’s shares. The Rural Telephone Finance Cooperative (RTFC) worked closely with EPICTOUCH in financing the acquisition.