[et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.27.0″ _module_preset=”default”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n
August 1, 2024<\/p>\n
[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n
Contact Information:<\/strong> Monika Arnold, Manager of Community Relations and Business Development [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” theme_builder_area=”post_content”][et_pb_column _builder_version=”4.27.0″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n REV expands Southeast United States footprint with recent acquisition<\/strong> <\/em> \u201cThe MDU-serving segment of our company has been a fast-growing segment for us \u2013 with most of it beginning right here in Louisiana,\u201d said Josh Descant, CEO of REV. \u201cWe\u2019ve been fortunate to earn the trust of some great Louisiana-based developers over the past several years; positioning us very well to expand our reach throughout the Gulf Coast.\u201d<\/p>\n Prior to REV\u2019s acquisition of this segment of Wavefly, the broadband provider was already servicing 25 MDU properties across Louisiana, Alabama and Florida. With this recently completed acquisition, REV will be adding 39 additional MDU properties in Southeastern communities.<\/p>\n \u201cWith demand for multifamily construction on the rise and the trend of consumers leaning toward over-the-top streaming entertainment options, it was clear to our team that the need for our broadband internet services would soon intersect with an increasing number of customers residing in MDUs \u2013 whether it was empty-nesters downsizing or those prioritizing renting over home-buying,\u201d said Peter Louviere, CFO of REV.<\/p>\n Along with the company\u2019s owners and leadership team, REV worked with Layer 7 Capital who acted as the financial advisor for Wavefly (the seller) to negotiate this recent acquisition.<\/p>\n About REV<\/strong><\/p>\n Rebranded in 2022 \u2013 with the merging of three local and storied telecom providers \u2013 REV is the combined parent company of Reserve Telephone Company (RTC), EATEL\/EATEL Business and Vision Communications. The combined company, with nearly 250 years of collective communications service, operates as Louisiana\u2019s largest, locally owned, telecommunications network.<\/p>\n With over 5,000 miles of fiber and nearly 400 employees, REV<\/a> (and the organization\u2019s suite of business services offered by REV Business<\/a>) connects more than 63,000 customers in their homes and places of work.<\/p>\n
Jeremy Theriot, Director of Community Relations
and Business Development
225-315-8294, jeremy.theriot@letsrev.com<\/a><\/p>\n
225-305-8001,\u00a0<\/span>monika.arnold@letsrev.com<\/span><\/a><\/p>\n
Louisiana-based communications provider grows service area with acquisition of Wavefly\u2019s assets serving multi-dwelling units (MDUs), residential developments in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina<\/em><\/p>\n
Gonzales, La<\/strong>. \u2013 REV<\/a> recently acquired a segment of Atlanta-based Wavefly specifically serving MDUs\/apartments, single-family residential developments and senior living communities. With this acquisition, the Gonzales-headquartered communications company expands its footprint further into the Gulf Coast while adding Southeastern communities in Georgia, North Carolina, and South Carolina.<\/p>\n