CROWN CASTLE INC. acquired Wilcon (Wilcon Holdings LLC) for approximately $600 million, a transaction completed in June 2017, structured as all cash.
Wilcon (Wilcon Holdings LLC) operates in Fiber / small cells, is based in Los Angeles and San Diego; ~1,900 route miles of fiber. Crown Castle acquired privately-held Wilcon Holdings LLC from Pamlico Capital and other unit holders for approximately $600 million. Wilcon is a fiber services provider that owned approximately 1,900 route miles of fiber, primarily in Los Angeles and San Diego. Pro forma for the deal, Crown Castle owned or had rights to over 28,000 route miles of fiber.
Provides an extensive set of dense metro fiber assets to deliver fiber-fed small cell solutions in Crown Castle's fastest growing and most active market.
Complementary dense-metro fiber footprint in Crown Castle's fastest-growing market. Crown Castle fiber / small cells segment
The acquisition of Wilcon provides us an extensive set of dense metro fiber assets that will enable us to continue to deliver fiber-fed small cell solutions for our wireless customers in our fastest growing and most active market,Jay Brown, Chief Executive Officer, Crown Castle International Corp.
Advisory firms were not disclosed for this transaction.