Birch Lands $12M in Bank Funding for Acquisitions

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Birch Communications Inc. has landed $12 million in bank financing to keep funding its acquisition strategy.

The IP telecom and managed services provider said this week the money comes from CoBank.

“We see this support as an affirmation of our business model, leadership team and continued growth strategy," said Edward James, Birch's CFO, in a press release.

CoBank boasts more than $90 billion in assets; it is known for providing credit to the agribusiness sector, as well as the rural power, water and communications industries.

Birch has purchased 17 companies since 2006.

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