Alston & Bird client Pamlico Capital has entered into an agreement to sell portfolio company Wilcon Holdings LLC to wireless infrastructure provider Crown Castle International Corp. for $600 million.
Wilcon is a leading fiber services provider that owns approximately 1,900 route miles of fiber, primarily in Los Angeles and San Diego. Acquired by Pamlico in partnership with management in 2012, the company has undertaken a number of strategic initiatives since then, including its 2013 purchase of Freedom Dark Fiber Networks, a deal also advised on by Alston & Bird.
The closing of the transaction is expected to occur in the third quarter of 2017, subject to the satisfaction of customary closing conditions.
Representing Pamlico and Wilcon is an Alston & Bird team led by partner Bryan Ives
and associates Kyle Navarro
and Lauren Huddleston
of the firm’s Corporate Transactions & Securities Group