It's been a busy couple of weeks in infrastructure M&A, and yesterday another batch of fiber changed hands. WANRack, LLC has announced that Grain Management, LLC has bought a controlling interest in the company. No, not that kind of grain, but the private equity firm founded by David Grain.
Kansas-based WANRack has specialized in E-Rate fiber projects around the country, bringing affordable fiber connectivity to K-12 districts. With Grain Management on board, they will have the resources to boost the company's activities substantially. That could mean either more projects or larger projects, or perhaps more probably both.
Grain Management has been around for a little over 10 years, and has specialized in communications infrastructure, including towers, fiber, spectrum, and satellite, albeit rather quietly compared to some others. They bought a selection of towers from nTelos a few years ago, and were also involved in Verizon's purchase of spectrum from Cincinnati Bell before that.