A consortium, comprised of funds managed by H.R.L. Morrison & Co, Australian Retirement Trust (ART) and a managed client of UBS Asset Management, has announced the signing of a definitive agreement to acquire FiberLight, LLC from Thermo Companies.
FiberLight is a Georgia-based high bandwidth fiber infrastructure provider in the US. The FiberLight network comprises approximately 18,000 route miles of fiber infrastructure, servicing customers in over 30 metropolitan areas, principally in the major markets of Texas and the Northern Virginia area. The company builds, owns, and operates high-capacity networks for domestic and international wireless, wireline, cable, and hyperscale cloud providers as well as leading enterprise, government, and educational clients.
The acquisition is expected to close following the fulfillment of customary closing conditions, including regulatory approvals. Bank Street served as an exclusive financial advisor and Taft served as a legal counsel to FiberLight. TD Securities served as an exclusive financial advisor and Torys LLC served as a legal counsel to Morrison & Co.