Palisade Infrastructure Announces Transaction with Consolidated Communications

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Palisade Infrastructure (Palisade) and Consolidated Communications, Inc. (Consolidated) have entered into an agreement whereby Palisade, on behalf of its managed funds, will acquire Consolidated’s assets in Washington state.

The deal encompasses Consolidated's existing networks in Ellensburg and Yelm, featuring a blend of fiber-to-the-home and DSL technologies. Palisade's objective is to expedite the expansion of the fiber network within these areas, delivering fast and low-latency connectivity to residences and commercial establishments. By investing in these markets, Palisade aims to establish a regional foundation for high-speed broadband and fiber connectivity, ultimately benefiting various stakeholders, including employees, customers, and local communities. 

Palisade received financial advisory services from Houlihan Lokey and legal counsel from Morgan, Lewis & Bockius LLP. Meanwhile, Lazard acted as the exclusive financial advisor to Consolidated Communications for the transaction.

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