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
Location
California, United States
Transaction Type
Buyout

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