“We worked closely with the Bank Street team as our trusted advisor on a number of strategic initiatives over the past three years and they were the clear choice when we decided to undertake a sale process for our FTS fiber network division. Bank Street organized a highly competitive process for FTS, resulting in more than a dozen offers from financial and strategic players that culminated with the sale to Zayo for $110 million. Throughout the process, Bank Street demonstrated a deep understanding of our business and sector, the ability to reach a broad array of potential buyers, and the focused commitment and active involvement of their senior team.”
Joseph R. Morris
First Communications, Inc.
“This transaction strengthens Zayo’s business both from a revenue and asset perspective. First and foremost, FTS brings a strong and durable base of largely dark fiber revenue from a select group of strategic customers. Second, it secures Zayo’s control over some critical and unique regional fiber routes. In addition to important new customer relationships with First Communications and First Energy, the acquisition provides new network reach that will further strengthen our ability to build end-to-end solutions for our customers in the Northeastern United States.”
President & CEO
Zayo Group, LLC