IBG Business facilitated the sale, which closed December 30, 2022. IBG co-founding partner Gary Papay (Pennsylvania) led the transaction team.
Terms of the sale were not disclosed at the parties’ requests.
Founded in 1964 as a small two-way radio shop, Collins Communications grew to a regional communications company, providing solutions to business and personal needs ranging from security and surveillance systems and telephone systems to managed IT services.
Collins Communications owner Cheryl Dittus expressed her gratitude for IBG “seeing this through to the end.”
“I appreciate everything you did for us,” Ms. Dittus wrote after the deal was closed. “I can finally see retirement in the horizon.”