Crown Castle to acquire fibre operator Wilcon

18 April 2017 | Jason McGee-Abe

California fibre operator Wilcon has entered into a definitive agreement to be acquired by Crown Castle International.

The news comes after last month’s announcement that Wilcon had expanded its network across Southern California by deploying carrier-grade fibre-optic and data centre infrastructure and it also recently deployed turnkey small cells and hundreds of nodes in downtown LA and San Diego.

Jon DeLuca - Wilcon"I am pleased to announce our agreement with Crown Castle," said Jon A. DeLuca, president and CEO of Wilcon. "Since 1998, Wilcon has provided innovative network infrastructure solutions and exemplary service to leading businesses throughout Southern California. We are excited to be part of Crown Castle and look forward to expanding our capabilities for our valued customers."

Pamlico Capital, a leading middle market private equity firm focused on growth-oriented businesses, was the majority owner of Wilcon.

Scott Stevens, a partner at Pamlico, added: "We have enjoyed partnering with Jon DeLuca and his team as they significantly increased the company's fibre footprint, completed a strategic acquisition, enhanced the company's value proposition to its customers, and successfully scaled the business over the last five years.”

In November 2016, Crown Castle agreed a $1.5 billion deal to buy FPL FiberNet and certain subsidiaries of NextEra Energy (collectively “FiberNet”).

The Bank Street Group LLC served as exclusive financial advisor and Alston & Bird LLP served as legal counsel to Wilcon and Pamlico in connection with this transaction.