Yesterday a new M&A deal for a significant pile of US fiber infrastructure hit the markets. Conterra Ultra Broadband Holdings is changing hands, as APG Group and Fiera Infrastructure have done a deal with Court Square to acquire the company.
North Carolina-based Conterra operates some 11,100 route miles of metro and regional fiber across some 21 states. Most of that coverage lies in the states of North Carolina, Texas, Louisiana, and California as well as tendrils into neighboring states. They have done quite a bit of E-Rate work along the way, which got them into markets on less-traveled paths.
Interestingly enough, Conterra was the subject of one of the earliest spotlights/interviews here on Telecom Ramblings back in 2009 with then CEO and current Executive Chairman Steve Leeolou.
Court Square bought Conterra some six years ago, which in the land of private equity makes it time to move onto the next investment. APG is a pension delivery organization in the Netherlands that manages some EUR512B in assets for a wide range of sectors. Meanwhile, Fiera Infrastructure is what it sounds like, an infrastructure fund, based in Canada and just starting to make headway in the telecommunications side of things. No doubt we will be hearing more from them.
Terms of the deal were not disclosed.
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