Birch Equity Partners Closes First Investment
Investment in consumer-based communications firm is the first of many to come
ATLANTA, Feb. 24, 2014 /PRNewswire/ — Birch Equity Partners is pleased to announce its first private equity investment in Tempo Telecom, LLC. Tempo is a leading provider of prepaid and Lifeline communications services to consumers throughout the United States. Tempo serves a growing segment of value-conscious consumers seeking high-quality and flexibility when purchasing communications services.
“Birch Equity Partners decision to invest in Tempo was an easy one,” said Vincent M. Oddo, Managing Partner. “We observed the historical growth and the excitement in the marketplace for prepaid and Lifeline services and knew this was an expansion-stage business that had great potential.”
Tempo began offering service in 1996 (originally as Now Communications), and over the past 18 years learned how to tailor communications services to meet individual consumer lifestyles. Tempo provides customers with communications services choices which are simple and affordable. The Tempo brand stands for value and simplicity, but also offers the flexibility necessary to change as your lifestyle changes.
“In addition to growth capital, Birch Equity will also be providing management expertise and several back-office and call center services to Tempo,” Oddo states. “We believe this multi-faceted approach to supporting a growth-stage business like Tempo will allow the company to expand exponentially over the next several years, and beyond.”
For additional information about Birch Equity Partners, visit: birchequity.com.
For additional information about Tempo Telecom, LLC, visit: mytempo.com.
About Birch Equity Partners
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.
About Tempo Telecom
Tempo Telecom, LLC is a leading provider of prepaid and Lifeline voice and data communications services throughout the United States. Tempo services are designed around the way consumers live with simple, affordable, no-contract, no-credit check services that meet their individual lifestyle and budgetary needs. The Tempo brand meets the total needs of value-conscious consumers who want high quality communications services to enrich their lives.
SOURCE Birch Equity Partners