Transaction will create a business unit focused on turnkey construction services.
FirstLight has acquired Todd Cable Construction. This transaction will enhance the Company’s ability to expand its fiber network and facilitate continued growth by adding a proven team with robust construction capabilities and services. Financial terms of the transaction were not disclosed.
“Top notch construction services can be difficult to secure, particularly when we have short-term customer commitments to meet and given FirstLight is investing significantly to expand its fiber footprint on a record pace,” said Kurt Van Wagenen, president and CEO of FirstLight. “Unlike our prior acquisitions, which were typically focused on purchasing existing fiber assets, this transaction dramatically broadens FirstLight’s capabilities to build new fiber by bringing construction talent in house. Over the years, we have cultivated a strong relationship with Todd Cable and have come to depend on their capabilities to meet our customers’ delivery timelines. Now as part of FirstLight, we can work more closely to better control this aspect of service delivery.”