Alberta Investment and CPPIB-backed BAI Communications completed the acquisition of ZenFi Networks.

Alberta Investment and CPPIB-backed BAI Communications, a provider of communications infrastructure services, completed the acquisition of ZenFi Networks, a provider of digital infrastructure solutions and innovator. Financial terms were not disclosed. “As an exciting business with longstanding customer relationships and a reputation for driving innovation, bringing it into the BAI Group is an important step forward in our ongoing push for growth in North America and globally. In the short-term, it enhances our regional operations in the Northeast, further extending the reach of current solutions and expertise we have and building on our vision to assist our customers in delivering an enhanced experience at all points of their customers’ journey, from subway to above ground and from work to home. This also positions us perfectly to support the increasing appetite for connectivity among businesses across North America," Igor Leprince, BAI Communications CEO.