Morrison & Co-Led Investor Group to Acquire Leading Digital Infrastructure Provider FiberLight
Summary
Morrison & Co (“Morrison & Co”), a premier global infrastructure investment firm focused on the digital and renewables sectors, and including Australian Retirement Trust (“ART”) and a managed client of UBS Asset Management, today announced that it has signed a definitive agreement to acquire FiberLight, LLC (“FiberLight”), a leading fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks, from Thermo Companies. The company builds, owns and operates state-of-the-art, high-capacity networks and has a proven track record of execution for domestic and international wireless, wireline, cable, and hyperscale cloud providers as well as leading enterprise, government, and educational clients. Mr. Rabii said, “ With our existing backbone infrastructure and unmatched density across the markets we serve, FiberLight is well equipped to deploy a multitude of solutions to ensure our customers can meet their growing bandwidth needs. As the company continues to scale and deepen its presence in key U.S. markets, we will leverage our significant digital infrastructure expertise and partner with management to address the rapidly growing demand for faster, more secure and more reliable internet access.” Michael Weaver, Australian Retirement Trust’s Head of Private Real and Mid-Risk Assets, added, “ We recognize the critical role of high-speed connections in todays society, and we look forward to working with the team to help build communication infrastructure for the future.” Mr. Smales concluded, “ This investment closely aligns with Morrison & Co’s strategy of backing strong purpose-driven companies with highly defensive characteristics and dependable long-term cashflows, supported by rising consumer and enterprise demand for high-speed broadband connectivity. With approximately 18,000 route miles of fiber networks and 78,000 pre-qualified near-net buildings, FiberLight operates in over 30 metropolitan areas in the U.S. Our service portfolio includes high-capacity Ethernet and Wave Transport Services, Cloud Connect, Dedicated Internet Access, Dark Fiber and Wireless Backhaul serving domestic and international telecom companies, wireless, wireline, cable and cloud providers as well as key players across enterprise, government, and education.