BAI Communications (BAI), a global shared communications infrastructure provider, has agreed to acquire ZenFi Networks, the East coast based provider of digital infrastructure solutions and innovator in small cell deployment, offload and roaming services, fibre connectivity and network edge colocation.
We are told that this acquisition represents a significant growth opportunity for BAI in North America, building upon its existing connected infrastructure capability and operations in the region, driven by BAI Group companies Mobilitie and Transit Wireless.
The transaction is subject to customary regulatory clearances and is expected to close in the fourth quarter of this year.
Igor Leprince, Group CEO of BAI Communications, said “ZenFi Networks is a long established and high performing player in the wireless infrastructure sector. As an exciting business with longstanding customer relationships and a reputation for driving innovation, bringing it into the BAI Group is an important step forward in our ongoing push for growth in North America and globally. In the short-term, it enhances our regional operations in the Northeast, further extending the reach of current solutions and expertise we have and building on our vision to assist our customers in delivering an enhanced experience at all points of their customers’ journey, from subway to above ground and from work to home. This also positions us perfectly to support the increasing appetite for connectivity among businesses across North America.”
J.P. Morgan Securities LLC served as exclusive financial advisor to BAI Communications and Latham & Watkins LLP served as legal advisor. Bank Street Group LLC served as exclusive financial advisor to ZenFi, and Alston & Bird LLP served as legal advisor.