Ann: Spirit Acquires Trident & Neptune Group, page-2

As expected, a more substantial acquisition. Feels like a mini UWL to me. Scaling nicely! Now that ST1 have the customers for selling high speed internet, they are adding on services through these acquisitions like data, security, IT etc to their business customers. Its lower capital intensive and will generate higher margins. So far I can't fault Sol and the new leadership team. Good that they are buying these businesses at a good multiple also and for a $6.9m outlay including earn-out, gaining an extra $2m in EBITDA per year, nice.