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Announced

Completed

APG and Fiera completed the acquisition of a majority stake in Conterra from Court Square Capital.

Synopsis

Pension delivery organisation APG Group and Fiera Infrastructure, a mid-market direct infrastructure investor, completed the acquisition of a majority stake in Conterra Ultra Broadband Holdings, an independent fibre bandwidth provider from Court Square Capital, a middle-market private equity firm. Financial terms 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 fibre networks, strategic acquisitions and enhanced fibre-based solutions, while remaining fully committed to delivering exceptional customer experience," Craig Gunderson, Conterra President & CEO.

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