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Cable Services Firm Orotek Looks For Acquisitions

Plans to Expand Market Reach With $10 Million in Funding

Todd Spangler -- Multichannel News, 2/24/2009 5:09:32 PM

Orotek, which provides contract direct sales, installations and construction for cable and broadband providers, announced it has secured $10 million in venture-capital funding from Southfund Partners.

The Atlanta-based company, which has about 70 employees, plans to use the funds for acquisitions as part of a three-year strategic plan to expand the company into more national coverage.

"Orotek has spent the past few years building a strong business in the Southeast, with a minimum debt load and consistently positive cash flow. Now we are looking for acquisitions to continue our growth and expand our market reach," Orotek president and CEO William "Trey" Brantley said in a statement.

Orotek said it is seeking to acquire other direct-sales and cable-installation services companies. Founded in 2006, Orotek counts among its customers Comcast, Charter Communications and Mediacom Communications.

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