US fibre optic infrastructure firm Integra has added 3,500 route miles to its West Coast network after acquiring OpticAccess.
US fibre optic infrastructure firm Integra has added 3,500 route miles to its West Coast network after acquiring OpticAccess.
Private equity-owned Integra expects the transaction to close in Q4 subject to regulatory approvals. It declined to say how much it paid to acquire OpticAccess, which was advised by The Bank Street Group and Mayhook Law.
Washington-based Integra said the takeover would particularly strengthen its metro fibre offering in the Bay Area and Los Angeles, allowing it to better serve high-demand end-user clients like content providers, financial services companies and international carriers.
Bob Guth, Integra’s CEO, commented: “The combined assets of the two companies will significantly expand Integra’s network reach and improve our ability to deliver the high-bandwidth, high-reliability network solutions that our sophisticated wholesale, government and enterprise customers demand.”
Integra was advised by Latham and Watkins, but did not use a financial adviser.
Its largest shareholder is Searchlight Capital Partners, which acquired a 40% equity stake in the company from Goldman Sachs in December 2012.