Coach Connect Bought by Ore. Company
Portland, Ore.-based Matrix Networks has purchased Coach Connect, a division of Road Connect Inc. The business, founded four years ago, provides Internet access in 60 RV parks around the U.S., according to Conde Nast Portfolio.com.
Troy Roberts, Matrix’s vice president of sales, says the new business will add up to $1.5 million per year to Matrix, which closed 2006 with $4.5 million in revenue. The purchase price was not disclosed.
Matrix, which has 40 employees in Portland and two in Austin, sells business telephony systems and provides wireless Internet access.
Coach Connect is the fourth, and largest, acquisition this year for Matrix, which is wholly owned by founder and president David Ness.
Road Connect will act as exclusive sales agents for Coach Connect, the high-speed Internet system for RV parks that is the core of the business, which includes wireless and wired Internet access for RVs.
Matrix expects Coach Connect to grow 20% per year, says Roberts, based on the business’s past performance and current demographic trends.
Road Connect provides wireless Internet and other services at roadside rest areas in five states, including 10 locations in Oregon.
Matrixs latest acquisition expands the company’s sales territory to 48 of the 50 states.