Commenting on the merger, Henry E. Eknaian, Jr., Regional General Manager of Black Box Network Services, stated, Vivid brings us additional strength in the greater Washington, D.C. area. We will help support this organization as it continues to grow in service offerings, size and profitability as part of the Black Box Network Services family. We welcome and look forward to a long-term opportunity for achievement and success with Paul Skafte and his team.
Paul H. Skafte, President and owner of Vivid, said, Our merger with Black Box represents a tremendous opportunity and step forward for our company, our employees, and our customers and will enhance our reputation as one of the premier structured wiring companies in the region. Mr. Skafte will continue to serve as President of Black Box Network Services – Kensington Operations, reporting to Mr. Eknaian.
This transaction is being accounted for as a purchase. The purchase price has not been disclosed.
