M&A Deal Summary

Morrison & Co Acquires FiberLight

On June 30, 2022, infrastructure investor Morrison & Co acquired communications company FiberLight from Thermo Telecom Partners

Acquisition Highlights
  • This is Morrison & Co’s 1st transaction in the Communications sector.
  • This is Morrison & Co’s 1st transaction in the United States.
  • This is Morrison & Co’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-06-30
Target FiberLight
Sector Communications
Buyer(s) Morrison & Co
Sellers(s) Thermo Telecom Partners
Deal Type Secondary Buyout
Advisor(s) The Bank Street Group LLC (Financial)

Target

FiberLight

Alpharetta, Georgia, United States
website
FiberLight is a provider of network infrastructure solutions and strategic network design services. FiberLight designs, constructs and maintains an extensive fiber-optic infrastructure in 21 markets. FiberLight was founded in 2005 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

Morrison & Co

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 1988
PE ASSETS 15.0B AUD
Size Mega
Type Sector Focused
DESCRIPTION

Morrison & Co is an alternative asset manager, specializing in infrastructure and property. The Firm seeks to invest in infrastructure in North America, Europe, Asia, the UK, Australia, and New Zealand through both listed and unlisted markets. Areas of interest include renewable energy, digital telecommunications infrastructure, water, waste solutions, and airports and transport infrastructure. Morrison & Co was founded in 1988 and is headquartered in Wellington, New Zealand.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Sundrop Farms

Australia

Sundrop Farms is a horticultural player in Australia producing high-value fruit using renewable sources. Sundrop Farms is based in South Australia.

Buy -

Seller(S) 1

SELLER

Thermo Telecom Partners

Denver, Colorado, United States

website


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Thermo Capital Partners LLC is the private equity arm of Thermo Companies, an asset management firm that provides growth financing to small and middle market companies. Thermo Capital focuses on profitable, rapidly growing companies led by strong management teams. Thermo looks to invest $5 to $100 million per transaction. The Firm targets companies operating in the fields of telecommunications, technology and business services. Thermo Capital Partners LLC is based in Denver, Colorado.


DEAL STATS #
Overall 5 of 5
Sector (Communications) 4 of 4
Type (Secondary Buyout) 1 of 1
State (Georgia) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-28 PointOne Communications

Austin, Texas, United States

UniPoint Holdings, Inc. is an integrated services provider that delivers enhanced communications products and services to the small and mid-size businesses and the enterprise market. PointOne Communications was founded in 1998 and is based in Austin, Texas.

Sell -