EGPI Firecreek, who focuses on the broadband sector, including line, antenna, and tower modification, announced the signing of a Letter of Intent (LOI) to acquire broadband and cell tower industry experts, Empath Towers. Empath Towers is a contract staffing business specializing in the broadband cable and cellular tower industry. And while most work through Empath Towers is subcontracted, EGPI Firecreek believes there are opportunities for growth through internal crews which will then require capital expenditures (vehicle lease, trailer and tools). Empath Towers currently has customer contracts in place with the largest tower owners in the U.S., as well as several of the largest public and private general contractors and systems integrators serving the cell tower industry. Fred Sussman, Empath Towers LLC, CEO, stated, “We look forward to being a part of the EGPI Firecreek organization. Our relationship with EGPI Firecreek via this acquisition will help to provide us the proper capitalization needed to grow revenues both organically and through acquisitions. This essentially will allow us to build Empath into a leader in the cell tower services industry, as consumer demand for mobile services continues to show insatiable growth. We are confident that Empath will soon be positioned to be an integral part of satisfying that demand.”
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