M&A Deal Summary

Basalt Infrastructure Partners Acquires Fatbeam

On May 31, 2023, infrastructure investor Basalt Infrastructure Partners acquired communications company Fatbeam from SDC Capital Partners

Acquisition Highlights
  • This is Basalt Infrastructure Partners’ 6th transaction in the Communications sector.
  • This is Basalt Infrastructure Partners’ 5th transaction in the United States.
  • This is Basalt Infrastructure Partners’ 1st transaction in Idaho.

M&A Deal Summary

Date 2023-05-31
Target Fatbeam
Sector Communications
Buyer(s) Basalt Infrastructure Partners
Sellers(s) SDC Capital Partners
Deal Type Secondary Buyout
Advisor(s) Bank Street (Financial)
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

Fatbeam

Coeur d’Alene, Idaho, United States
Fatbeam is a provider of reliable fiber-based network solutions to enterprise, healthcare, government, and education customers looking to accelerate their growth in the Western US. Fatbeam’s extensive network footprint spans over 45,000 fiber miles, primarily in population-dense metropolitan areas within Arizona, Idaho, Montana, Nevada, Oregon, Washington, and Wyoming. Fatbeam was founded in 2010 and is based in Coeur d’Alene, Idaho.

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Buyer(S) 1

Buyer

Basalt Infrastructure Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Basalt Infrastructure Partners is an infrastucture investor focused on opportunities across North America and Europe. The Firm's principal areas of interest include utilities, energy, and transportation. Basalt prefers assets with significant barriers to entry, sustainable long-term cash-flows, and high operating margins. In addition to acquiring operational assets, the Basalt will also consider late stage construction projects. Basalt Infrastructure Partners was founded in 2011 and is headquartered in London.


DEAL STATS #
Overall 14 of 17
Sector: Communications M&A 6 of 6
Type: Secondary Buyout M&A Deals 4 of 6
State: Idaho M&A 1 of 1
Country: United States M&A 5 of 7
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-27 Skyway Towers

Land O’ Lakes, Florida, United States

Skyway Towers is a nationwide telecommunications infrastructure developer that owns and operates multi-tenant communications towers across the United States. The Company’s existing portfolio consists of over 400 high quality communications towers spanning 30 states. Skyway Towers is based in Land O’ Lakes, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Reconor

Farum, Denmark

Reconor is an environmental services group that provides environmentally safe recycling and helps municipalities with waste collection. The company reduces waste generation through the prevention, reduction, and reuse of material, and to reduce the use of natural resources through the application of circular economy principles. It remediates over 2.1 million tonnes of soil per year and handles over 0.8 million tonnes of mainly reusable waste, overseeing daily operations involving 230 trucks and 31,000 containers across Denmark. Reconor was formed in 1997 and is based in Farum, Denmark.

Buy -

Seller(S) 1

SELLER

SDC Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 400M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

SDC Capital Partners is an operationally oriented private investment firm focused on the IT and communications sectors. Specific areas of interest include data centers, fiber/networks, wireless infrastructure, and managed IT/cloud services. The Firm looks to commit $50 to $500 million per transaction and generally pursues platform businesses where it can pursue growth opportunities. SDC Capital Partners was established in 2017 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Idaho M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Cityside Fiber

Irvine, California, United States

Cityside Fiber design, construct and operate citywide networks that transform communities into digital cities of the future. Cityside Fiber focus is on upgrading the customer experience for all of our users and providing best in class products and service. Cityside Fiber was founded in 2021 and is based in Irvine, California.

Buy -