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Lightower links to fiber networker Fibertech through $1.9 billion deal

Apr 28, 2015 - The Deal Pipeline
Board and Executive Moves-Mergers and Acquisitions

Lightower Fiber Networks LLC's $1.9 billion purchase of Fibertech Networks LLC combines two of the largest remaining fiber networking companies. For Fibertech backer Court Square Capital Partners, the sale and prior dividend payments mark a return of more than five times the equity portion of a roughly $550 million buyout in 2010. "The wave of broadband growth in the last few years has been tremendous," Fibertech Chairman and CEO John Purcell said of the expanding demand and valuation mult...