Nicholas Financial, Inc. /
Amplex Electric, Inc
Nicholas Financial expands its rural broadband business with Amplex Electric, Inc
What happened
Nicholas Financial, Inc. completed its acquisition of Amplex Electric, Inc., acquiring approximately 56.5% of the company. Mark R. Radabaugh retained the remaining 43.5% interest.
The base purchase price was $37,500,000, subject to adjustment. Amplex provides rural broadband services to business and residential customers in Ohio.
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Nicholas Financial expands its rural broadband business with Amplex Electric, Inc
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