Round Room LLC has acquired Wireless Zone, a franchise of 357 stores selling cell phones and phone service. Round Room’s claim to fame is that it is the largest retailer authorized to sell Verizon products.
After the acquisition, Round Room will grow to 1,160 stores under the names Wireless Zone and TCC in 41 states. That number has grown 33 percent over the past year, the first year of Round Room’s operation. TCC itself is Round Room’s flagship company, started in 1991.
“By bringing two of the wireless industry’s most respected and tenured brands under a single owner, Round Room is able to enhance the wireless experience for customers nationwide,” said Scott Moorehead, CEO of Round Room. “This acquisition affords us the opportunity to bring the knowledge and experience we’ve gained with TCC over the past 25 years to another successful wireless agent.”
Along with TCC’s Wireless locations (previously known as Moorehead Communications) the Indiana-based Round Room also owns the Redux cell phone drying patent process and Culture of Good, a company that advises organizations on ways to improve both communities and profit.
Round Room CEO Scott Moorehead will also serve as CEO of Wireless Zone.
“Increasing its wireless footprint so significantly in a single transaction while remaining closely aligned with Verizon is an opportunity that doesn’t often present itself,” a Round Room representative told Wireless Week via email.
TCC made more than $1 billion in revenue in 2015. Glentel, Wireless Zone’s parent company, was acquired by Bell Canada for $586 million in November 2014.