Growing Louisiana business: Communications firm expanding across the Southeast
REV, a Gonzales-based communication company, is expanding its footprint across the southeast.
The company recently announced it acquired the physical assets and customers of Wavefly, an Atlanta-based business that provides broadband internet service to apartments, gated communities and senior living communities. Terms of the deal were not disclosed.
The deal gives REV about 3,000 more customers, doubling the number of multi-dwelling units that are clients, said CEO Josh Descant. It also expands the company’s footprint into Georgia, North Carolina and South Carolina.
Providing broadband to multi-unit dwellings has been a fast-growing part of REV’s business, Descant said. Over the past 5 or 6 years, the company has worked with developers in Baton Rouge and Hammond to offer the service.
As those developers built complexes across Alabama and Florida, REV followed along, offering high-speed internet in the units they were building.
“We’ve diversified geographically by following them,” Descant said.
REV now provides broadband service to 25 developments.
The Wavefly deal adds 39 more developments and puts REV in business with another group of multi-family developers.
“This is an opportunity for us to accelerate our growth,” Descant said.
REV has more than 64,000 customers.
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