Wilcon, a provider of fiber optic and data center infrastructure and a portfolio company of Pamlico Capital, has closed its acquisition of Freedom Dark Fiber Networks, a 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.
“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,” said Jon DeLuca, chief executive officer of Wilcon.
As a result of the transaction, Freedom Dark Fiber Networks has been renamed Freedom Telecommunications. Freedom Telecommunications is a high-capacity dark fiber provider in southern California. Freedom delivers ultra-broadband services to businesses in a range of industries including media and entertainment, financial services, healthcare, education, Internet services and wireless communications. The company was founded in 2007 and is based in Los Angeles (www.freedomtelecommunications.com).
Wilcon is a provider of fiber optic network infrastructure in Southern California connecting major co-location facilities, data centers and enterprise locations. The company owns and operates 20,000 square feet of data center space as well as a fiber network with over 14,200 strands of fiber in the downtown Los Angeles corridor. Wilcon maintains network connections to 19 buildings and 43 data center suites and provides dark and lit fiber solutions, cross-connects, and data center services to over 250 customers, including domestic and international telecommunications carriers, content delivery networks, managed service providers and other large enterprises. Wilcon was founded in 1998 and is based in Los Angeles (www.wilcon.com).
Pamlico Capital invests from $25 million to $75 million in companies with total enterprise values of between $50 million and $250 million. Sectors of interest include business and technology services, communications, and healthcare. Pamlico Capital currently manages over $2 billion in assets and is based in Charlotte, NC (www.pamlicocapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-16-13
