GTCR-backed Zayo closes $465 mln acquisition of Allstream
Zayo Group Holdings Inc (NYSE: ZAYO), a portfolio company of U.S. private equity firm GTCR, has closed its acquisition of Allstream Inc, a Canadian provider of bandwidth and telecommunications services. The deal, announced late last year, saw Allstream sold to Zayo by Manitoba Telecom Services Inc (TSX: MBT) for $465 million. Zayo, a Boulder, Colorado-based communications infrastructure services business, said the Allstream buy gives it extensive intercity and metro fibre assets located throughout Canada. GTCR invested in Zayo in 2012.
15 January 2016•4 mins read
