Blue Bell's UniTek to combine with Berliner Communications

Blue Bell telecommunications services company UniTek USA will combine with Berliner Communications to become UniTek Global Services, Inc. The unified company projects annual revenue of about $360 million. While UniTek is not now publicly traded, Berliner is currently listed on the OTC market (OTC: BERL ) and the new company will assume that listing under the UniTek name.
UniTek private equity backer HM Capital Partners will control approximately 80% of the combined entity. C. Scott Hisey, Founder and CEO of UniTek USA, will become CEO of the Company. Peter Giacalone, President of UniTek USA, has been appointed Chairman of the Company.

Press Release.




permalink

Daily Links 1/27/10: Comcast to launch IPv6 trials

SAP Sees Sales Growth After Fourth-Quarter Net Falls (Bloomberg via Business Week)

Deutsche Bank to replace legacy systems with SAP (Computer Weekly)

Comcast launches IPv6 trials
ISP to test transition mechanisms for next-gen Internet services starting in Q2 (Network World)

Sen. Kerry: Comcast-NBCU questions can be resolved (Reuters)

Leno Turmoil ‘Frustrating’ as Comcast Awaits NBC Deal, CEO Says (Bloomberg via Business Week)

Frantic Steve Jobs Stays Up All Night Designing Apple Tablet (The Onion)

High and Low Tech Companies Seeking up to $3 Million Encouraged to Apply for 12th Annual Angel Venture Fair (Business Wire)

Tyco Electronics profit beats view; shares jump (Reuters)

SEI Reports Fourth-Quarter 2009 Financial Results (PR Newswire)

Report: Government Smart Grid Standards Process Slowing Down the Market (GigaOM via New York Times)

Oracle-Sun: Strategy set; Will buyers go for the integrated stack? (ZDNet Blogs)

Bentley's Integrated Structural Modeling Brings Structural Engineers Into Integrated Project Workflows (PR Newswire)

Innovative Solutions & Support, Inc. Announces First Quarter Fiscal 2010 Financial Results (Business Wire)

Coworking Debuts in Wilmington
Verge Business Group Launches The coIN Loft with Open House on February 12, 2010 (Verge Business Blog)




permalink