Crown Capital Partners acquires network operator WireIE
Crown Capital Partners has acquired WireIE Holdings International Inc, a Richmond, Ontario-based network operator that specializes in deploying and managing carrier-grade data networks in under-served markets. Crown, a Canadian specialty finance firm, said it acquired all the debt and equity of WireIE for a nominal amount on closing and a performance-based earn-out payment of up to $5 million. Last year, Crown provided a $10 million income streaming facility to WireIE. It said it has invested $7.6 million to date and will provide additional capital as required to fund future growth in Canada and abroad. WireIE will continue to be led by President and CEO Rob Barlow, who co-founded the business in 2007.
15 July 2019•3 mins read
