Novacap, a Canadian private equity firm, has entered into an agreement to acquire All West Communications of Kamas. The transaction is expected to close in the first half of 2023, following the satisfaction of customary closing conditions. Founded in 2012, All West is a fiber-based provider of data, video and voice services to residential, commercial and carrier customers in Utah and Wyoming.
“The demand for faster speeds, a wider range of services and pricing options is growing every day. This is an exciting partnership that will help us pursue significant growth opportunities. We have found in Ted and the Novacap team partners who bring expertise on both the management and product sides,” said Matt Weller, All West’s president. “We are very excited about entering several new markets in the near future with the collaboration of Novacap and its team.”
“The continued transformation of All West into a leading broadband provider will benefit from the Novacap digital infrastructure playbook and the prior successes of [Novacap companies] Fibrenoire, Oxford, FirstLight, Horizon and Stratus Networks,” said Ted Mocarski, senior partner at Novacap. “This partnership will enable All West to continue its mission of providing fast, reliable, fiber-based local Internet services to its customers, including those located in underserved communities. We look forward to accelerating the momentum of All West by expanding its footprint, enhancing its capabilities, and ensuring rapid network deployment.”
“Novacap has deep expertise in the digital infrastructure sector and a proven track record of value creation. We look forward to leveraging Novacap’s strategic insight, operational guidance, and financial capabilities to propel All West’s growth,” said Pascal Tremblay, president, CEO and managing partner at Novacap.
Founded in 1981, Novacap has over $8 billion of assets under management that has invested in more than 100 platform companies and completed more than 150 acquisitions. It has offices in Brossard, Québec; New York City; and Toronto, Ontario, Canada.