A consortium led by funds managed by H.R.L. Morrison & Co, a premier global infrastructure investment firm, Australian RetirementTrust (“ART”), one of Australia’s largest superannuation funds, and a managed client of UBS AssetManagement, announced that it has completed its acquisition of FiberLight, a leading fiber infrastructure provider with more than 20 years of experiencebuilding and operating mission-critical, high-bandwidth networks. In connection with the close ofthe transaction, FiberLight has appointed Bill Major as Chief Executive Officer, effective immediately.
Major is a seasoned telecommunications executive with more than 20 years of experienceleading teams across sales, operations, and process improvement, and a track record of deliveringstrong operating performance and financial results. Most recently, Major served as CEO andPresident at Everstream Solutions, LLC, where he was responsible for overseeing the execution ofEverstream’s strategy as the premier enterprise and wholesale fiber platform in the Midwest of theUnited States and the sales, operations, legal, enterprise technology & IT and human resourcesexecutive leadership. He has also held other senior positions at Everstream and FiberTech.
Following the close of the transaction, FiberLight will have increased financial flexibility to invest instrategic builds and expand its current lit and dark fiber optical networks, including cross-borderconnectivity that supports international trade. Additionally, FiberLight will focus on developingnew fiber assets, building diverse routes, and adding resiliency and redundancy to networks toensure critical uptime for customers.
Perry Offutt, Partner and Head of North America at Morrison & Co and Chairperson of FiberLight’s Board of Directors
Bill is a proven executive who brings a wealth of infrastructure knowledge, telecommunicationsexperience, and transformative leadership capabilities to FiberLight as the company builds its teamand expands its footprint. He is a purposeful changemaker with acustomer-first approach, and is the ideal individual to lead the company forward in pursuit ofcontinued growth and scale. On behalf of the consortium, we look forward to partnering with Billand the FiberLight team to broaden and enhance essential connectivity services to businessesacross the U.S.
Bill Major, Chief Executive Officer, Fiberlight
I am pleased to join FiberLight at this exciting moment with the support of Morrison &Co, aleading global infrastructure investor, as well as our other impressive new shareholders. FiberLight’s state-of-the-art networks will continue to attract high levelsof demand, and our focus will be to support that demand by retaining proven talent within theorganization while further fostering a culture of excellence and best-in-class customer service. Iam eager to begin working closely with the team to provide world-class networking solutions andexceptional experiences for our customers, partners, and people as we work towards being thebest provider in the market not just for today’s digitally-enabled businesses, but for futuregenerations.
