FirstLight Fiber acquired New York-based communications construction company Todd Cable Construction, according to a 10 July press release.
Executives at FirstLight, a portfolio company of Antin Infrastructure Partners, said the deal would broaden the company’s capabilities of developing greenfield fiber projects.
“Unlike our prior acquisitions, which were typically focused on purchasing existing fiber assets, this transaction dramatically broadens FirstLight’s capabilities to build new fiber by bringing construction talent in house,” FirstLight CEO Kurt Van Wagenen said in a press release. “Over the years, we have cultivated a strong relationship with Todd Cable and have come to depend on their capabilities to meet our customers’ delivery timelines. Now as part of FirstLight, we can work more closely to better control this aspect of service delivery.”
Terms of the deal were not disclosed.
Antin and FirstLight did not return calls seeking comment,
Antin through its EUR 3bn Antin Infrastructure Partners III, closed the acquisition of FirstLight in February 2018. In the intervening 18 months, the Albany, NY-based FirstLight has been active in acquiring and building fiber assets throughout the New England area.
In May, it acquired Maine Fiber Company, a regional dark-fiber leasing company, in a move to buttress efforts of pushing into the Maine market that include installing fiber in Portland. Roughly a month later, it then finished a year-long project of building 250 miles of fiber in Vermont.
As part of the transaction, Todd Cable’s President and CEO Todd Warmingham will lead FirstLight’s construction services business unit.
“We have worked with FirstLight for many years acting as its construction arm. Through this relationship, we have come to appreciate all that FirstLight has accomplished over the past few years … ,” he said in the press release.