MSP InterCloud Systems Signs $5.2M Agreement to Acquire Telecom Services Provider AW Solutions

Managed service provider (MSP) InterCloud Systems, Inc. has announced a definitive agreement to acquire AW Solutions, Inc. for $5.2 million. The Florida-based company offers professional services to the telecommunications industry, which include network systems design, architectural and engineering services, program management and technical services.

InterCloud specializes in end-to-end managed and cloud services, as well as professional services, infrastructure and applications. The MSP serves the telecommunications industry in addition to major corporations and governmental entities.

The agreement to purchase AW Solutions is subject to a number of adjustments, like cash, promissory notes and InterCloud common stock. The firm offers a variety of single-source solutions that will complement InterCloud's portfolio of managed and cloud services. These include design, construction, implementation, operation and maintenance of wireline, wireless, fiber optic and DAS multi-site networks.

The company also provides program management, site acquisition and property management, as well as architectural and network engineering, construction management, civil construction and line and antenna installation.

"We are excited to welcome the world-class management team and employees of AWS to InterCloud," said Mark Munro, CEO at InterCloud. "This acquisition will broaden our suite of services and add valuable new clients to both organizations. Our customers are looking for InterCloud to provide additional services for them and AWS will make that possible."

"As with all of our acquired companies, we expect to realize synergies from integrating their back office operations and cross-selling opportunities from combining our capabilities," added Munro.

InterCloud, formerly Genesis Group Holdings, Inc., completed a round of acquisitions valued at more than $19 million last October. Those new holdings were expected to bring the company more than $40 million in revenue and position it for strong growth.