Terre Haute-based technology services company Joink LLC has entered into an agreement to acquire Illinois-based Computer Techniques Inc. Joink says the acquisition will provide additional management and capital resources to support its current operations and workforce, as well as increase the speed of its fiber-to-the-home deployment in central Illinois.
The acquisition is subject to regulatory approval.
“We look forward to integrating CTI’s operations and team led by Bobbie Dean, CTI’s CEO, who will be part of the senior leadership team of Joink, after the transaction closes,” said Josh Zuerner, chief executive officer of Joink. “Central Illinois had a great day today as we announce our plans to accelerate the expansion of CTI’s fiber network.”
CTI, which provides internet, voice, and video to residential and business customers, says its network passes over 12,000 homes throughout Christian and Montgomery counties.
“We were in search of a party that had the resources and the capability to allow CTI to fulfill its mission to bring high quality fiber broadband Internet service to as many homes and businesses in Central Illinois as possible,” said Adam Vocks, founder of CTI. “The shared vision of the two companies, combined with similar success stories, makes Joink the perfect acquiror for CTI to finally allow our accelerated expansion plans to become a reality. I am thrilled for our customers and employees to be part of this future.”
Financial terms of the deal were not disclosed.