DATE: June 29, 2023
Who is Our Client?
- Accelerated Communications & Construction is a leading telecommunications infrastructure solutions company servicing the Gulf Coast and Central Florida.
- Accelerated installs and maintains underground and aerial fiber networks for some of the nation’s largest Internet Service Providers (ISPs), supporting the continued rollout of fiber as a replacement to coaxial cable and copper wiring.
- The company provides ongoing repair, maintenance, and upgrade services to support existing infrastructure, as well as new network builds for ISPs, utilities, and commercial customers.
- The company focuses primarily on middle-mile construction, bringing fiber services from the network distribution hub to the carrier’s service area.
Why Did Accelerated Communications & Construction Hire Nolan?
- Accelerated Communications & Construction hired Nolan to help maximize value and increase the probability of a successful closing.
What Value Did Nolan Deliver?
- Nolan’s sale process delivered GridSource, a company specializing in utility construction, including broadband networks, fiber optic cable construction, and natural gas distribution.
- Founded in 1979 and based in Baton Rouge, Louisiana, GridSource is an industry leader in trenching, excavating and HDD technologies.
- GridSource is a portfolio company of Hastings Equity Partners, a preferred capital partner to founders of lower middle-market businesses.
- Hastings’ investment in GridSource and subsequent add-on investments in WiseConnect and Accelerated have positioned GridSource as a leader in national utility services, with comprehensive service offerings across middle and last-mile fiber deployment.
