Nex-Tech acquires broadband service provider Moundridge Communications Network

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Broadband and technology company Next Tech is set to acquire a broadband and telephone service provider Moundridge Communications Network for an undisclosed sum. The deal is expected to close in July 2022.

This is technology M&A deal number 389 that ChannelE2E has covered so far in 2022. Discover over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

Moundridge Communications Network, founded in 1904, is one of the oldest operating telephone companies in Kansas. The family business provides Internet and telephone services to customers in the Moundridge and Goessel communities of Kansas. The local Moundridge Communications Network office will remain in Moundridge to provide local support to customers, the buyer said.

Nex-Tech, based in Lenora, Kansas, has expanded from broadband and telecommunications services to offer cloud services, hosted PBX, network security, managed computing, physical security and surveillance, advertising solutions, and network operations monitoring to enterprises customers nationwide, the buyer indicates.

Nex-Tech buys Moundridge: management insights

Harry Weelborg, CEO and President of Moundridge Communications Network, said:

“We have worked with Nex-Tech for many years, so when we decided to sell the business, we reached out to Jimmy and the management team. This is a family business, and we want to make sure that customers are taken care of and that the new owner will continue to grow the business and invest in technology; Nex-Tech has this same vision.

Jimmy Todd, CEO and Managing Director of Nex-Tech, said:

“As we establish our strategic growth plans, Nex-Tech views the acquisitions as an excellent opportunity to expand our footprint by continuing our long-standing commitment to deploying cutting-edge technology in the communities we serve, offering advanced to individuals and businesses. As a co-operative business, Nex-Tech believes in providing top-notch customer service and being a strong community partner, just as customers have become accustomed to with the Weelborg and Smith families as owners of the ‘business.

Experience in Nex-Tech mergers and acquisitions

Nex-Tech has experience in mergers and acquisitions. Previous offerings included:

  • May 2021: Acquired Vic Innovations of Atwood, Kansas, for Internet, voice services, web hosting services and computer repair capabilities.
  • September 2019: Acquisition of network solutions provider Cordell.
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