Bloomfield Hills-based T-Mobile retailer Wireless Vision has acquired New York City-based Ameritel International Wireless, expanding its presence into New Jersey and New York. Terms of the deal were not disclosed.
“The acquisition of Ameritel is a significant milestone for Wireless Vision as we near operating over 260 locations this year,” says Saber Ammori, CEO of Wireless Vision.
Ammori says Wireless Vision now has more than 1,500 employees, with nearly 120 in metro Detroit. Wireless Vision operates stores in 16 states including Michigan, Arizona, Illinois, Kansas, Missouri, Colorado, Indiana, Ohio, Minnesota, Georgia, Florida, Oklahoma, Wisconsin, Maryland, Washington, D.C., New York, and New Jersey.
Ammori says all Ameritel employees working at the acquired locations will be offered positions with Wireless Vision.
“Our decision to sell our 35 New York locations to Wireless Vision is a win-win for all parties,” says Nathan Yanovitch, CEO of Ameritel. “For those employees that will move over, they get to join a first class origination that is continuing to be an even larger part of T-Mobile's branded retail strategy. For Ameritel, we get a chance to take value out of a business when it's at an all-time high and reinvest it right back in to our existing business.”
Ameritel, founded in 1996, has a network of more than 3,500 indirect dealers and owns and operates 70 stores.