AFL Acquires Majority Stake in ITC Service Group
May 27, 2019
AFL (a Fujikura subsidiary) has purchased a majority stake in ITC Service Group, a Sacramento-based provider of fiber optic network services, outside plant, wireless and workforce solutions. ITC will continue operating under its name with roughly 600 employees; affiliates of Moorgate Capital Partners and Tim Sauer will remain shareholders and Jim Rush was named ITC president.
- Buyers
- AFL
- Targets
- ITC Service Group
- Industry
- Telecommunications
- Location
- California, United States
- Transaction Type
- Buyout
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