M&A Deal Summary

CBRE Caledon Acquires WANRack

On April 8, 2021, private equity firm CBRE Caledon acquired communications company WANRack from Grain Management

Acquisition Highlights
  • This is CBRE Caledon’s 1st transaction in the Communications sector.
  • This is CBRE Caledon’s 1st transaction in the United States.
  • This is CBRE Caledon’s 1st transaction in Kansas.

M&A Deal Summary
Date 2021-04-08
Target WANRack
Sector Communications
Buyer(s) CBRE Caledon
Sellers(s) Grain Management
Deal Type Secondary Buyout

Target

WANRack

Lenexa, Kansas, United States
WANRack provides private fiber optic WAN solutions for K-12 school districts throughout the United States. Service offerings include E-Rate compliant lit fiber, dark fiber, and special construction solutions. WANRack was founded in 2005 and is based in Lenexa, Kansas.

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Buyer(S) 1

Buyer

CBRE Caledon

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CBRE Caledon is a private equity firm that invests in a variety of industries and situations. CBRE Caledon is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 2
Type (Secondary Buyout) 1 of 2
State (Kansas) 1 of 1
Country (United States) 1 of 2
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Karlssons Buss

Stanga, Sweden

Karlssons Buss has charter traffic and a wide range of own trips within and outside Sweden. Karlssons Buss also run scheduled and school traffic for county traffic on Gotland. Karlssons Buss was founded in 1948 and is based in Stanga, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 CitySwitch

Atlanta, Georgia, United States

CitySwitch develops, owns and manages wireless infrastructure for broadband wireless customers across the U.S. CitySwitch specializes in scalable network development services, including the tower and small cell development, and is a pioneer in railroad asset development. CitySwitch is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Grain Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Grain Management LLC is a private equity firm focused on the communications sector. The Firm looks to acquire assets and companies valued from $20 to $150 million and will consider opportunities throughout North America. Specific areas of interest include fiber, spectrum, cell towers, and other communications assets. Grain Management LLC was established in 2007 and is headquartered in Washington, DC.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 Summit Broadband

Orlando, Florida, United States

Summit Broadband is a fiber-optics telecommunications provider in central and Southwest Florida. Summit Broadband provides voice, video, data and high-speed internet services to residential and commercial customers, as well as Ethernet and dark-fiber transport to enterprise and carrier customers. Summit Broadband was founded in 2009 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Tachus

The Woodlands, Texas, United States

Tachus is a fiber broadband ISP company that believes customers deserve fast, reliable Internet that requires no explanation. In doing so, Tachus is revolutionizing the way residential customers receive their Internet, by offering unlimited, enterprise-grade data-only services at a lifetime fixed rate, all paired with local customer service. With a network that has passed over 26,000 homes and serves thousands of customers, Tachus continues to rapidly expand its residential fiber network to other parts of the Houston area. Tachus was formed in 2018 and is based in The Woodlands, Texas.

Buy -
Mergr

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