Friday, December 23, 2005
Black Box Corporation Announces Acquisition of Converged Solutions Group, LLC
Converged Solutions Group, LLC (CSG) represents approximately $7 million in historical voice services annual revenue
PITTSBURGH, PENNSYLVANIA, December 22, 2005 -- Black Box Corporation (NASDAQ:BBOX) today announced the acquisition of Converged Solutions Group, LLC (CSG) a privately-held company based out of Nashville, TN. CSG has an active customer base which includes commercial, education, health care and various government agency accounts. Annual revenues of CSG were approximately $7 million for the twelve months ended December 31, 2004.
Brian Jones, former owner and President of CSG, commented, “We are thrilled to join forces with Black Box to bring to our clients one source for worldwide infrastructure services and solutions. With our long tradition of technical expertise as well as a tremendous staff of associates the combined organization will be uniquely positioned in the market.” Brian will remain active as Vice President of Nashville Operations.
Commenting on the acquisition, Gary Williams, General Manager of Black Box Voice Services, stated: "CSG has an excellent reputation of providing quality technical services, which will compliment our existing southeastern operations.”
This transaction is being accounted for as a purchase. 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 143 offices throughout the world. To learn more, visit the Black Box website at www.blackbox.com.
Black Box and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
Black Box Corporation