Jun 01, 2015
Overland Park, KS-based Codero Hosting has been acquired by BLM Acquisition Corp., a consortium of 32 telecom and broadband providers. This group was assembled specifically to buy Codero.
The 32 companies are some of the country’s largest and most respected rural and independent communications providers that provide telecom, broadband and IT services to millions of residences and businesses across the United States. The structure will allow Codero to remain an independent company while providing funds and geographical reach to continue serving customers and continue its rapid growth. Codero plans to hire 25 new employees by the end of 2015.
Terms of the deal were not released.