Wilcon Completes Acquisition of Freedom Dark Fiber Networks
Becomes One of the Largest Fiber Optic Networks in SoCal — Brings Deeper Capabilities to SoCal Region
Wilcon, the premier west coast provider of best-in-class fiber optic and data center infrastructure, today announced it has closed its acquisition of Freedom Dark Fiber Networks, the leading high-capacity dark fiber provider in southern California.
With the completion of this acquisition, Wilcon is now one of the largest fiber optic networks in southern California. Wilcon has grown its fiber footprint by nearly 3,000 additional route miles, providing access to nearly 1,000 additional enterprise buildings, wireless communications sites, data centers and Internet hubs (map here). The new customer-centric network provides a powerful value proposition to the region's major industries by giving them access to connectivity into strategic submarkets not otherwise served by competitive providers.
Jon DeLuca, chief executive officer of Wilcon, states, "We are very pleased to complete this transaction, which enables us to provide unparalleled fiber access to our customers. By bringing together the most dense fiber and interconnection infrastructure in downtown Los Angeles and vast network reach throughout southern California, we are poised to deliver unmatched efficiencies in ultra-broadband performance for businesses, wireless carriers and other communications services providers.”
Dave Daigle, senior vice president of corporate development for Wilcon and founder of Freedom Dark Fiber Networks, adds, “With the close of this agreement, our combined organization is able to offer highly compelling solutions for the dynamic California economy. As a member of the executive team, I look forward to working closely with our customers to deploy leading solutions for their SoCal network needs.”
As a result of the transaction, Freedom Dark Fiber Networks has been renamed Freedom Telecommunications. The combined company will offer a broad range of services, including dark fiber, Ethernet services and managed optical wavelengths.
The acquisition was backed by Pamlico Capital, which also led Wilcon's acquisition in 2012 of IX2, a leading data center and interconnection provider in downtown Los Angeles.
The terms of the transaction were not disclosed.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.