Carmel phone retailer Round Room acquires 357-store chain

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

A growing Carmel-based retailer of cellphone services is turbo-charging its expansion plans by buying a 357-store franchise system that offers phones, accessories and service.

Round Room LLC, which operates hundreds of stores under the name TCC (formerly The Cellular Connection), said the deal to acquire Wireless Zone of Rocky Hill, Connecticut, will expand its footprint to 1,160 stores in 41 states under the TCC and Wireless Zone names.

Terms of the deal, announced Wednesday, were not disclosed, nor were revenue figures for Wireless Zone.

Round Room is run by Scott Moorehead, who took over the company from his parents in 2008. Under his leadership, revenue at its flagship operation, TCC, grew to more than $1 billion last year, up from $137.4 million in 2008, the company said. The company said it would continue to look for growth opportunities.

The Carmel company calls itself the nation’s largest Verizon authorized retailer. Round Room said it had “no substantial plans” to increase head count at its headquarters at 525 Congressional Blvd., where it occupies a 47,000 square-foot building.

Round Room has about 1,700 employees nationally, according to its website, including 187 workers in Carmel.

Round Room also owns and operates Redux, a company with patented technology that removes moisture from wet cell phones.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In