MicroCorp, Inc. Acquires Five Star Communications
MicroCorp, a leading Telecom Master Agency, announces today the acquisition of Five Star Communications, a Qwest Premiere Master Partner headquartered in New Smyrna Beach, Florida. Five Star Communications has been in business since 1997 and has consistently been a top performing Qwest Business Partner. The success that Five Star has achieved is directly attributed to the efforts of a dedicated well trained support staff that manages a sales channel of over 50 telecom agents and VARs.
The MicroCorp purchase of Five Star, which is scheduled to close July 1st, allows MicroCorp to expand its distribution primarily in the State of Florida while at the same time enhancing its strategic relationship with Qwest Communications. As part of the transaction, MicroCorp will be hiring the existing Five Star support staff to continue its efforts in growing the carrier services business in the Florida market, as well as in other states in the Southeast.
"We are thrilled to be able to welcome all of the well respected and successful Five Star Agents and staff into the MicroCorp Family. As we continue to grow organically, we are also strategically accelerating our growth with acquisitions in various markets. This transaction is the first step in that strategy. Other targets include Master Agencies and System Integrators that support their own carrier services program", states Brad Miehl, President and CEO of MicroCorp.
According to Roy Tanner, President and CEO of Five Star Communications, "We sought to take our business to the next level and we realized that the most effective way for this to happen was to become part of a larger organization. MicroCorp was the clear choice as they are truly a world class organization consisting of quality people, processes, carrier relationships, and automation which we could never replicate on our own. Therefore, to best serve our Agents and provide growth opportunities for them, we chose MicroCorp to deliver the immediate benefits of one of the country's largest and most respected Master Agencies. I firmly believe that MicroCorp's acquisition of Five Star Communications will create upside opportunities for all stakeholders including our agents, staff and carrier partners."
