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ADDvantage completes Fulton purchase.

Byline: Journal Record Staff

BROKEN ARROW ADDvantage Technologies Group has completed the acquisition of substantially all of the assets of Fulton Technologies Inc. and Mill City Communications Inc. for $1.7 million.

The assets will form a wholly owned subsidiary of Broken Arrow-based ADDvantage Technologies, operating under the name Fulton Technologies and led by Fulton's existing management team.

Fulton Technologies offers wireless infrastructure services and has contractual relationships with the four major U.S. wireless carriers. Services include installation and upgrading technology on cell sites and the construction of new small cells for 5G. Fulton also provides engineering, site acquisition and commissioning and integration services for cell sites.

"Closing the acquisition of Fulton Technologies marks our entry into the wireless infrastructure services market, an area that is expected to see meaningful growth as 5G is rolled out throughout the U.S. over the next several years," said Joe Hart, ADDvantage CEO.

ADDvantage Technologies' other operations in the telecommunications include its Nave Communications and Triton Datacom businesses. Nave Communications is a provider of used telecommunication networking equipment, with services that include the repair, testing, and certification of equipment. Triton Datacom provides new and refurbished networking products, including desktop phones, enterprise switches and wireless routers to brokers and end-users.

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Publication:Journal Record (Oklahoma City, OK)
Date:Jan 10, 2019
Words:215
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