Atlanta, GA – March 23, 2015 – Tempo Telecom, LLC, a leading provider of prepaid and Lifeline voice and data communications services throughout the United States, announced today that it has closed the asset acquisition of Globalinx Mobi, a prepaid mobile carrier that provides affordable wireless solutions.
Globalinx Mobi is a former affiliate of Globalinx Enterprises, Inc., a wholly-owned subsidiary of 5LINX. Tempo Telecom is a wholly-owned subsidiary of Birch Equity Partners, LLC, a private equity firm focused on investing in small to mid-sized expansion-stage businesses with demonstrable growth potential.
“I’m thrilled to announce the closing of the asset acquisition of Globalinx Mobi’s customer assets. Tempo has experienced tremendous growth during the past few quarters, which validates its go-tomarket strategy,” said Vincent M. Oddo, Birch Equity Partners Managing Director. “This marks Tempo’s first acquisition and we have a strong appetite for additional accretive acquisitions in the future.”
“This asset acquisition is a major win for both Tempo and Globalinx Mobi customers and we’re excited to introduce our newest customers to the Tempo family. Our outstanding customer service and our flexible wireless plan offerings should appeal to these new customers,” said Jamie Sark, Director of Operations at Tempo.
The seamless integration of Globalinx Mobi’s customer accounts and services is fully underway and will be completed by the end of the month.
About Tempo Telecom, LLC
Tempo is a leading provider of prepaid and Lifeline communications services, offering both wireless and home phone services. Tempo services are designed around the way consumers live with simple, affordable no-contract voice and data services that meet their individual lifestyle needs. With over 20,000 convenient payment locations, Tempo is the preferred choice for thousands of consumers of prepaid and Lifeline services. Tempo services can be purchased online and through select dealers. For more information visit: mytempo.com.
About Birch Equity Partners, LLC
Birch Equity Partners is an Atlanta, Ga.-based private equity firm focused broadly on investing in high-growth, expansion-stage, privately held companies. Birch Equity has pioneered a management-based approach to private equity investing, partnering with management teams and adding value far beyond the infusion of capital to help entrepreneurs build great businesses. For more information visit: birchequitypartners.com.