Schurz Communications subsidiary Champlain Broadband has closed a transaction to acquire Burlington Telecom in Vermont, Schurz announced.
Burlington Telecom has been a municipally owned and operated advanced fiber optic network serving the city of Burlington, Vermont, since 2003. The company will continue to be managed locally in Burlington and operate under the name Burlington Telecom.
With roots in publishing and broadcasting, Schurz Communications has evolved its business strategy with the purchase of cable, telco, broadband companies starting in 1968, according to a press release. In February 2018, Schurz Communications announced that it had acquired leading compliant hybrid cloud provider Online Tech. An additional investment in the cloud infrastructure assets of Neverfail was announced in December 2018 and highlighted the company’s interest in expanding Online Tech’s presence on a global scale, according to the release.
Privately held Schurz announced in January its intention to sell its publishing division to GateHouse Media. GateHouse Media is expected to assume ownership during the first quarter of 20 regional papers and several special publications in Indiana, Maryland, Michigan, Pennsylvania and South Dakota.