CHARLOTTE – Conterra Ultra Broadband Holdings, a fiber-optic network operator based in Charlotte, plans to “accelerate” its expansion after changes in its ownership structure.
Senior management of the firm along with APG Group and affiliates of Fiera Infrastructure have acquired interests in the firm not already held by Fiera from Court Square Capital Partners.
Financial terns were not disclosed.
“On behalf of the Conterra management team and our employees, we are excited to be partnering with APG and Fiera Infrastructure, two exceptionally well capitalized institutions with significant experience growing infrastructure businesses. With their financial strength and support, we will accelerate our expansion plans in Tier II and Tier III markets through the rapid expansion of our fiber networks, strategic acquisitions and enhanced fiber-based solutions, while remaining fully committed to delivering an exceptional customer experience.”
Conterra’s network includes 11,100 route miles of fiber across 21 states.
Fiera first invested in Conterra last spring.
