Montreal, QC private equity firm Novacap acquires Utah fiber ISP All West

Nov. 30, 2022
All West Communications is a fiber-based provider of data, video, and voice services to residential, commercial and carrier customers in Utah and Wyoming.
Photo 14172011 © Dashark | Dreamstime.com
6630664b168df80008ea3c5c Dreamstime M 14172011

Top North American private equity firm Novacap (Montreal, QC) has entered into a definitive agreement to acquire regional fiber broadband ISP All West Communications. Headquartered in Kamas, Utah, All West is a fiber-based provider of data, video, and voice services to residential, commercial and carrier customers in Utah and Wyoming.

Founded in 1912, All West in a statement noted that it has continued to evolve and adapt its technologies "to pursue its core mission: connecting people to what matters most."

The transaction is expected to close in the first half of 2023, following the satisfaction of customary closing conditions, including required regulatory approvals.

Matt Weller, All West's president, remarked:

"The demand for faster speeds, a wider range of services and pricing options is growing every day. This is an exciting partnership that will help us pursue significant growth opportunities. We have found in Ted and the Novacap team partners who bring expertise on both the management and product sides. We are very excited about entering several new markets in the near future with the collaboration of Novacap and its team."

Bank Street Group LLC served as exclusive financial advisor to Novacap in connection with this transaction. Paul Hastings, LLP served as legal counsel to Novacap. Stifel served as exclusive financial advisor to All West in connection with this transaction. Blackburn & Stoll, LC served as legal counsel to All West.

 Ted Mocarski, senior partner at Novacap, commented:

"The continued transformation of All West into a leading broadband provider will benefit from the Novacap digital infrastructure playbook, and the prior successes of Fibrenoire, Oxford, FirstLight, Horizon and Stratus Networks. This partnership will enable All West to continue its mission of providing fast, reliable, fiber-based local Internet services to its customers, including those located in underserved communities. We look forward to accelerating the momentum of All West by expanding its footprint, enhancing its capabilities, and ensuring rapid network deployment.''

Founded in 1981 and applying its sector-focused approach since 2007 in TMT, Industries, and Financial Services, Novacap is a top tier North American private equity firm with over C$8B of AUM that has invested in more than 100 platform companies and completed more than 150 add-on acquisitions. Novacap has offices in Brossard, Québec, New York, NY and Toronto, Ontario.

Pascal Tremblay, president, CEO, and managing partner at Novacap, concluded:

"Novacap has deep expertise in the digital infrastructure sector and a proven track record of value creation. We look forward to leveraging Novacap's strategic insight, operational guidance, and financial capabilities to propel All West's growth."

For more news, projects, and profiles in the ICT cabling and connectivity industry, subscribe to CI&M’s newsletter and follow us on LinkedInTwitter, and Facebook.

About the Author

Matt Vincent | Senior Editor

Matt Vincent is senior editor of Broadband Technology Report. A B2B technology journalist, editor and content producer with over 17 years of experience, he specializes in the full range of media content production and management, as well as SEO and social media engagement best practices.

Sponsored Recommendations

Data Center Interconnection

June 18, 2024
Join us for an interactive discussion on the growing data center interconnection market. Learn about the role of coherent pluggable optics, new connectivity technologies, and ...

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...

FTTx Deployment Strategies

March 29, 2023
Cable operators continue to deploy fiber in their networks at anincreasing rate. As fiber grows in importance, proper choices regardinghow to best fit fiber to the home together...

Coherent Routing and Optical Transport – Getting Under the Covers

April 11, 2024
Join us as we delve into the symbiotic relationship between IPoDWDM and cutting-edge optical transport innovations, revolutionizing the landscape of data transmission.