OMAHA, Neb. — A private equity firm is buying communications firm West Corp. for $2 billion.

The Omaha, Nebraska-based company said Tuesday that Apollo Global Management had agreed to pay West investors $23.50 per share in cash. When debt is included, the companies say the deal is worth $5.1 billion.

West spokesman Dave Pleiss told the Omaha World-Herald ( ) no immediate changed were planned at the company that employs about 1,200.

West has been reviewing its strategic options since last November.

West has promising units that run employee wellness programs and send out safety alerts to school parents. It also has a telephone conference-call business that is facing numerous competitors.

In 2015, West sold off its telephone call center business to Alorica for $275 million.

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.