Puregas buys fellow telecom supplier

BROOMFIELD – Telecommunications company supplier Puregas LLC has acquired Pentras Inc. for an undisclosed sum, according to a Puregas spokeswoman.

Employees at Broomfield-based Pentras Inc. are expected to continue working for the company, which makes compressed-air pressurization equipment for telecommunications-industry clients that is similar to that made by Puregas, said Dianne Van Oster, the spokeswoman. The equipment is used to provide dry, pressurized air to improve performance of telecom equipment.

A Pentras service center in New Jersey is expected to remain open, Van Oster said. Other details about the transaction – including Pentras’ number of employees – were not immediately available.

Puregas’s telecommunications industry clients such as CenturyLink Inc. (NYSE: CTL), based in Monroe, Louisiana; Verizon Communications Inc. (NYSE: VZ and Nasdaq: VZ) based in New York; and Frontier Communications Corp. (Nasdaq: FTR), based in Marion, Ohio, Van Oster said.

Puregas LLC has been a division of Altec Industries Inc. in Birmingham, Alabama, since 2003. Altec makes aerial devices and digger derricks for electric utility, tree-care and telecommunication industries used in more than 100 countries, according to information on both company websites.


Comments

Advertising
Advertising
Advertising

Assessed Valuations

FacebookTwitterLinkedInE-mail Here’s a question we hear from customers quite often: When will rates go up and what happens when they

Custom Publications

Awards

  • Awards – 02/28/2014

    FacebookTwitterLinkedInE-mail Boulder-based Clean Energy Collective received the Most Innovative Solar Company award from Solar Power Generation USA. Clean Energy develops

  • Awards – 02/14/2014

    FacebookTwitterLinkedInE-mail Lafayette-based The Creative Alliance won an American Package Design Award from GD USA Magazine for packaging designed for its

  • Awards – 01/31/2014

    FacebookTwitterLinkedInE-mail Two University of Colorado-Boulder researchers were among 15 honored week by the National Academy of Sciences for extraordinary scientific

RSS

RSS

RSS

RSS

RSS

Advertising

Social Network

 
Facebook Icon
Twitter Icon
LinkedIn Icon