Tempo Closes Asset Acquisition of Globalinx Mobi Customers
Investment added as Lifeline product offering grows to 20 states across the U.S.
March 23, 2015
Atlanta, GA – Birch Equity Partners, LLC is pleased to announce that it has expanded its investment in its wholly owned subsidiary, 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 expand its investment in Tempo was an easy one,” said Vincent M. Oddo, Managing Partner of Birch Equity Partners. “In 2014 Tempo worked diligently to gain approval from the telecom regulatory authorities in twenty states in order to offer Lifeline services. As a result of this fantastic acceptance and the excitement in the marketplace for prepaid and Lifeline communications services, it made sense to increase our investment to support that growth.”
Tempo began offering service in 1996, and over the past eighteen years has learned how to tailor communications services to meet individual consumer lifestyles. Today, Tempo provides consumers with simple and affordable service options. The Tempo brand stands for value and simplicity, but also offers the flexibility necessary to change as lifestyles change.
“In addition to more growth capital, Birch Equity Partners also provides M&A advisory services, management consulting and back-office services to Tempo,” Oddo stated. “We believe this multi-faceted approach to supporting a growth-stage business like Tempo is the best way to ensure their continued success.”
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About Birch Equity Partners
Birch Equity Partners is an Atlanta, Ga.-based private equity firm focused broadly on investing in highgrowth, 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.
For additional information about Birch Equity Partners, visit: birchequity.com.
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.
For additional information about Tempo Telecom, LLC, visit mytempo.com.