GWI Continues to Expand, Acquires Midcoast Internet Solutions: Adds 2,495 Business and Residential Customers from Bath to Belfast and Fixed Wireless Expertise
Rockland, Maine – Biddeford, Maine-based GWI, Inc. today announced that it has closed a deal to acquire Rockland-based Midcoast Internet Solutions adding 2,495 business and residential customers from Bath to Belfast as well as expertise in fixed wireless broadband service.
Midcoast Internet Solutions was founded in April 1995 by CEO Jason Philbrook. The company has grown consistently by offering innovative Internet solutions and fast, friendly Maine-based customer service. The company offers many services to residential and business clients including, but not limited to broadband Internet, digital phone, private links, and web hosting. Midcoast was one of the first companies on the east coast to install broadband connection via fixed wireless technologies and offers innovative wireless-to-fiber solutions for many who live on Maine’s islands. In addition, the company has a track record of building cutting edge Fiber-To-The-Home (FTTH) networks. Philbrook grew the company to $1.6 million in annual revenues and will stay on, remaining in the company’s Rockland headquarters.
“GWI is pleased to join forces with another leading, Maine-based technology company,” said GWI CEO Fletcher Kittredge. “This is a great fit. Both companies are focused offering our customers the best technology available in the marketplace – and fast, friendly, local customer service.” Kittredge expects Midcoast’s team to play a key role in his company’s future. “With the advent of the Three Ring Binder, there is the opportunity to bring broadband to un-served areas of rural Maine. Midcoast’s expertise in fixed wireless and Fiber-To-The-Home networks greatly enhances GWI’s ability to expand broadband coverage statewide. We welcome Jason and the Midcoast team to GWI. ”
“This is a good day for Midcoast employees and our customers,” said Midcoast CEO Jason Philbrook. “GWI is the perfect partner with the same commitment to innovation and customer service we have always had. This is a combination of two great Maine broadband companies and an opportunity to expand both coverage and service in the midcoast. We look forward to growing as part of GWI.”
While there are likely to be savings of ten to fifteen percent in overhead, there are no job losses anticipated as a result of the acquisition. The combined firm will have 81 employees. The exact terms and structure of the deal between the two privately held companies were not made public.
“The Midcoast region has always been important to GWI,” said Claude Cestaro GWI’s Vice President of Business Services. Noting that GWI will keep Midcoast’s current office location in Rockland, Cestaro added, “We look forward to having a Rockland office from which we can more easily build relationships and deliver quality service to customers in the area.”
Midcoast customers will continue to enjoy the same services, pricing, and support they are used to in the coming months. Customers with questions should feel free to reach out to Midcoast customer service at (207) 594-8277, GWI Customer service at (866) 494-2020, or view the answers to frequently asked questions online.
The Midcoast Internet Solutions acquisition is another step in GWI’s continued leadership, innovation and growth. The company won funding for the nearly completed 1,100 mile open-access Three Ring Binder rural broadband expansion project to Maine (now run independently by Maine Fiber Company, Inc.). Last month, GWI announced it is building the “Gigabit Main Street” network in Old Town and Orono communities, giving the towns surrounding the University of Maine campus one of the fastest networks anywhere in the world. In addition, the company recently announced it was expanding Internet service to business and residential customers in Calais, Dover-Foxcroft, Lincoln and Danforth Maine communities.
Founded in 1994 and headquartered in Biddeford, Maine, GWI is a leader in Northern New England’s telecommunication industry offering innovative and cost-effective telephone and Internet solutions designed for residential and business customers. GWI has been named one of Inc. Magazine’s fastest growing private companies in America four times, and in 2011, CEO Fletcher Kittredge was named Maine’s Business Leader of the Year by the state’s leading business publication, MaineBiz. With friendly 24/7 Maine-based customer support and best-in-breed technology to ensure fast, secure, and reliable access, GWI makes the Internet easy for business and residential customers. GWI is the local, independent company that knows Maine people. If you’re looking for a local alternative, a company that listens to you and will respond quickly, connect with GWI. Call toll free 866-494-2020 or contact us online to get connected now (http://www.gwi.net/About_GWI/contact_gwi.php).
For more information or to speak with GWI leadership, please contact Tom Janenda at firstname.lastname@example.org or (207) 590-8815.