“Black Rock Cable represented a unique business proposition: A 100% dark fiber network operating outside of the traditional metropolitan markets with a nearly virtual corporate infrastructure. We needed an advisor who had executed transactions in the fiber transport sector, but, more importantly, one who also had a deep understanding of our business model, customer dynamics, and market opportunity and the ability to effectively translate this into an attractive proposition for potential buyers. Bank Street’s demonstrated track record across all of these criteria made them the clear choice as our partner for this assignment.”
“From the outset, Bank Street offered an unparalleled understanding of our industry and all of the players – both strategic and financial – who were interested in a business like Black Rock. They orchestrated a remarkably competitive process that elicited interest from fiber-based carriers, cable companies, competitive local exchange carriers and financial sponsors, yielding half a dozen offers for the company. Ultimately, our combined efforts resulted in an agreement to sell Black Rock for $50 million to Wave Broadband. Throughout the process, the Bank Street team demonstrated the focused effort, transactional expertise and dedicated senior resource commitment necessary to achieve this terrific outcome for Black Rock.”
Chief Executive Officer
Black Rock Cable, Inc.