TMCnet News
H&N Holdings LLC Acquires RLI and SRIAPEX, N.C. --(Business Wire)-- Private investor group H&N Holdings LLC has purchased Recovery Logistics, LLC (RLI) and Site Resources, LLC (SRI (News - Alert)). The all-cash transaction led by Raleigh businessman Tom Mix was made possible mostly by private investors in the Triangle area. RLI is a provider of business continuity/disaster recovery services with specific expertise in the wireless telecommunications and utilities industry. Non-emergency routine repairs, maintenance and network upgrade services are provided to Fortune 500 companies in the telecommunications industry through SRI. Together, the companies provide a single-source solution primarily for the wireless telecommunications and utilities industries, handling all background logistics during natural disasters such as power restoration, food, lodging, fuel and transportation. CEO Tom Mix noted, "They have a unique platform already in place for multiplication. Highly motivated leadership and staff have earned RLI/SRI a proven track record. The small but strong management team needs additional expertise and capital for further expansion. I' excited to be a key part of their continued growth by providing those resources." The combined company is based in Apex (News - Alert), NC, a suburb of Raleigh, NC. Warehouse, call center and equipment facilities are maintained in North Carolina, Texas and Indiana. In the coming months, new locations are scheduled to open in Florida, Nevada and Michigan. RLI has a national client base, serving some of the largest players in the telecommunications and utilities industries. SRI is a leading supplier in telecommunications in the Southeast. Telecommunications has seen an increased spending in the last 4 years due in large part to the introduction of (4G) LTE (News - Alert) and AWS technology upgrades. Wireless carriers continue to expand high-speed data services to keep up with customer demands. According to a report from the Telecommunications Industry Association (News - Alert), Wireless carriers are expected to increase the overall wireless equipment and infrastructural by 6.4 percent per year until they reach an estimated spending of $43 billion in 2017. Mix noted, "Disaster recovery and telecommunications services will remain in long-term demand. RLI and SRI are primed for growth, both with a business model of operational excellence. With this acquisition, we are poised to be an industry leader in the wireless industry, while maintaining the quality, safety, and integrity our clients have grown accustomed to." More information: http://recoverylogistics.net/ and http://www.siteresources.net/
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