DirecTV Buys An Installer


Looking to gain control of its installation network, DirecTV is acquiring 180 Connect Inc., one of North America's largest providers of installation, integration and fulfillment services, in a $105 million deal, officials said last Friday.

Under the terms of the agreement, DirecTV will acquire 100% of 180 Connect's outstanding common stock and exchangeable shares for $1.80 per share.

The deal is expected to close in the third quarter.

Prior to the acquisition, DirecTV had outsourced all its installation service operations through 13 home-service provider companies.

“Our installation technicians are the first, and often the only, point of face-to-face contact that a customer has with DirecTV, and this merger underscores the importance we place on this interaction,” Mike Palkovic, DirecTV's executive vice president of operations, said in a prepared statement.