Friday, August 12, 2005
Black Box Corporation Announces Acquisition of Universal Solutions
Universal Solutions of North America, L.L.C. represents approximately $40 million in historical voice services annual revenue
Black Box Corporation (NASDAQ:BBOX) today announced the acquisition of Universal Solutions of North America, L.L.C. Universal Solutions is a privately held company founded in 1998 with 12 regional offices, with customers in 14 states, that provides planning, installation and maintenance services for voice and data network systems.
Robert Scott, former CEO of Universal Solutions, commented, “We are extremely excited about joining a world class provider of converged data, voice and hotline solutions. With Black Box's worldwide presence and technical expertise, we will be able to provide industry leading solutions to our customers in an increasingly complex environment, anytime anywhere.” Mr. Scott will remain active in the new company and will report to Gary Williams, General Manager of Black Box Voice Services.
Commenting on the merger, Gary Williams stated, “We are pleased with the addition of the Black Box Universal Solutions team. This addition will provide Black Box clients with the strongest data, voice and hotline products and services in the industry.”
This transaction is being accounted for as the result of an asset purchase agreement. The purchase price has not been disclosed.
About Black Box
Black Box is the world’s largest technical services company dedicated to designing, building and maintaining today’s complicated data and voice infrastructure systems. Black Box services 152,000 clients in 141 countries with 126 offices throughout the world.
Black Box and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
Black Box Corporation