Middle Point Home Telephone Company (“MPH”) announced Tuesday that it has entered into a merger agreement with Wapakoneta-based Telephone Service Company (“TSC”).  TSC will acquire MPH, and MPH shareholders will be paid cash for their shares. The agreement is subject to customary terms and conditions and is expected to be finalized in the first quarter of 2013.

TSC is owned by Hanson Communications Inc, which is a family-owned communications company with operations in Minnesota, Nebraska, Ohio and South Dakota.   MPH will be the second acquisition in Ohio by Hanson Communications since acquiring TSC in June of 2007.   
MPH was formed in 1903 from the merger of  The Middle Point Telephone Company and Middle Point Southern Telephone Company and has continuously served the local area since that time. The principal shareholders of the company have been the Pollock family since the very early 1900s. Gressley, Kaplin & Parker, LLP served as the company’s legal advisor in the transaction.