TELUS Corporation announced today that it has acquired Black’s Photo which is in line with its imperative to advance its wireless and data strategy by expanding the distribution of wireless products and services across Canada. Following the acquisition, Black’s stores will add TELUS wireless products and services in 113 premium locations nationally with a particular strength in the Ontario marketplace.
“Black’s is an impressive Canadian retailer with a great brand, reputation and management team,” said Joe Natale, executive-vice president and president, TELUS Consumer Solutions. “Black’s premium locations provide an established network across Canada for the distribution of TELUS’ wireless products, which nicely complements our extensive network of dealers and stores. In anticipation of our clients’ evolving needs and as more wireless devices have imbedded high quality photo and video capability, there is a natural link between TELUS and Black’s.”
Today’s press release states that TELUS will continue to deliver a great client experience by expanding wireless device distribution through Black’s existing stores and using Black’s in-store expertise to meet clients’ wireless and digital imaging needs. This acquisition will build upon Black’s nearly 80 year old strong national brand and reputation based on excellent customer service and highly qualified, professional staff.
TELUS acquired 80 year-old Black’s from privately owned ReichmannHauer Capital Partners for approximately $28 million.