Conterra Networks Names New Chief Revenue Officer, Michael Brady
Establishment of New Role Strengthens Company Commitment to Growth and Excellent Customer Experiences
Charlotte, NC: Conterra Ultra Broadband Holdings, Inc. (“Conterra Networks”) today announced the recent appointment of Michael Brady as its new Executive Vice President & Chief Revenue Officer. Mr. Brady is responsible for leading Conterra Networks’ sales, marketing, and product management organizations throughout its operating footprint across the United States.
Mr. Brady joins Conterra Networks with over 20 years of sales, general management and leadership experience providing broadband infrastructure services across many of the markets Conterra serves. Prior to joining Conterra, Brady held numerous senior leadership roles at Lumen Technologies (formerly CenturyLink) and Level 3 Communications (acquired by Lumen Technologies) where he was responsible for sales, sales engineering, field marketing and customer success across the wholesale and enterprise vertical segments. Immediately prior to joining Conterra, Michael served as CenturyLink’s VP East Region where he was responsible for Enterprise sales across 35 states.
“I am honored to join the leadership team at Conterra focused on people and technology while helping businesses digitally transform their operations,” Mr. Brady said. “Conterra’s substantial fiber infrastructure in Tier II and Tier III markets creates an incredible opportunity to be the trusted infrastructure partner for local businesses within these communities. I am passionate about building a high performing sales and operating culture dedicated to producing positive customer outcomes, profitable and sustainable growth and employee development.”
“Michael brings extensive sales leadership experience with a unique ability to develop highly functioning teams who build long term trusted relationships with customers and that align with Conterra’s core values of Integrity, Teamwork, Attitude and Respect,” said Craig Gunderson, Conterra’s President and Chief Executive Officer. “We look forward to working with Michael. We are confident he will serve Conterra’s customers and employees exceptionally well.”
About Conterra Networks
Founded in 2003, and now operating more than 12,500 fiber route miles, Conterra is one of the largest remaining independent broadband infrastructure companies in the United States based on its optical fiber and fixed wireless network assets and annual recurring revenues. The company is majority owned by Court Square Capital Partners (“Court Square”), with a minority stake held by Fiera Infrastructure Inc. (“Fiera Infrastructure”) and the remaining ownership largely held by Conterra’s management team. On July 1, 2020, the company announced the execution of a definitive agreement for affiliates of APG Group NV and affiliates of Fiera Infrastructure, along with significant participation by the company’s senior management team, to acquire the remaining indirect equity interests of the company not already owned by Fiera Infrastructure, from affiliates of Court Square and certain other indirect equity holders. For more information about Conterra, please visit www.conterra.com.
Conterra Announces Completion of ESC Region 15 Fiber Build
Charlotte, NC—Sept. 8, 2020: Conterra Ultra Broadband Holdings, Inc. (“Conterra Networks” or “Conterra”), one of the largest independent fiber infrastructure services providers in the United States, announced the completion of a $40 million fiber-optic network traversing 18 Counties in West Texas that will bring dedicated high-speed broadband to approximately 25,000 students, teachers and administrators in 36 school districts that are a part of Education Service Center Region 15 (“ESC Region 15”). In addition, the company is announcing it is immediately launching fiber-based services to businesses within San Angelo and Brownwood.
This state-of-the-art fiber network, one of the most extensive K-12 deployments in Conterra’s history, was made possible through the joint efforts of ESC Region 15, the State of Texas, Texas Education Agency, the Federal E-Rate program and Conterra. Conterra is committed to utilize this high-capacity, high-speed broadband infrastructure to support the communities it serves directly and through partnerships across the region.
The network expansion is in addition to several others Conterra recently completed within Texas that were driven by a combination of new multi-year commercial contract awards and strategic plans to expand its fiber network in its core geographic market of Texas. As a result of its recent network expansion efforts, Conterra and its partners will be able to provide communities throughout the 18-county region with a new option for high-speed internet, data, and voice solutions.
Conterra’s President and Chief Executive Officer, Craig Gunderson, commented, “We are excited about this project for ESC Region 15 and what it means for thousands of teachers and students to have access to high speed broadband delivered over a brand new, state of the art, fiber network. Our network expansion plans within Texas will enable us and our partners to serve new communities including those within San Angelo and Brownwood. These communities will now have a new choice for fiber-based services.”
Mr. Gunderson continued, “This latest network expansion is a part of a multi-year plan to strategically invest capital and resources across the State of Texas. In addition to the extraordinary work performed by our employees who supported this project under strict deadlines, we also commend the dedication and support of ESC Region 15, state and federal officials for their efforts to expand availability of fiber-based broadband services in Texas.”
Dr. Casey Callahan, Executive Director of ESC Region 15, commented, “We needed a partner like Conterra Networks that constructs and manages high-bandwidth fiber connectivity to implement our strategic digital learning initiatives and to meet our future connectivity needs. We chose an experienced provider with a demonstrated track record of success delivering high-speed broadband in Texas.”
About Conterra Networks. Conterra is one of the largest private providers of fiber-based services in the United States, operating approximately 12,500 fiber route miles.
SOURCE Conterra Ultra Broadband, LLC
APG and Fiera Infrastructure to Acquire Conterra Networks as Platform to Grow US Fiber Infrastructure
CHARLOTTE / NEW YORK / TORONTO (June 30, 2020) /PRNewswire/ — Conterra Ultra Broadband Holdings, Inc. (“Conterra Networks”, “Conterra” or “the Company”) announced today the execution of a definitive agreement for affiliates of APG Group NV (“APG”) and affiliates of Fiera Infrastructure Inc. (“Fiera Infrastructure”), along with significant participation by the Company’s senior management team, to acquire the remaining indirect equity interests of the Company not already owned by Fiera Infrastructure, from affiliates of Court Square Capital Partners (“Court Square”) and certain other indirect equity holders of Conterra (the “Transaction”).
Conterra Networks, headquartered in Charlotte, North Carolina, is one of the largest independent fiber infrastructure services providers in the United States, with an 11,100-route mile fiber network that brings high-capacity customized middle and last-mile fiber and wireless services to enterprise, carrier, education, government and data center customers across 21 states in the Southeast, South Central and Western US.
Craig Gunderson, President & CEO of Conterra, commented, “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 fiber networks, strategic acquisitions and enhanced fiber-based solutions, while remaining fully committed to delivering an exceptional customer experience.”
Mr. Gunderson continued, “I would like to acknowledge the Conterra employees who have grown Conterra into what it is today, the trust from our customers, the outstanding guidance from Court Square over the last six years and the support from all of our vendor partners, each of whom made this day a reality.”
APG is one of the largest pension fiduciary asset managers in the world, working for over 22,000 employers and providing the pension for one in five families in the Netherlands (approximately 4.7 million participants). APG is one of the most active infrastructure investors globally, including a growing global presence across the telecommunications sector. Steven Hason, Americas Head of Real Assets, commented, “On behalf of our clients, APG is pleased to announce this investment in Conterra Networks. APG’s long-term approach to investing in infrastructure complements Conterra’s long-term growth plans. This investment will position Conterra to provide vital infrastructure to underserved markets and customers well into the future. APG looks forward to our partnership with both Fiera Infrastructure and the Conterra management team.”
Fiera Infrastructure acquired a significant equity interest in the Company in April 2019, and the Transaction represents the culmination of Fiera Infrastructure’s plan to acquire additional equity interests.
Fiera Infrastructure is a leading global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation (TSX: FSZ). Fiera Infrastructure’s interests in Conterra are held in its EagleCrest Infrastructure strategy. “Fiera Infrastructure looks forward to working closely with our new partner APG in support of Conterra’s solid management team and employee base as they continue to execute upon their expansion strategy,” said Alina Osorio, President of Fiera Infrastructure. Jamie Crotin, Managing Director of Fiera Infrastructure, added that “Conterra provides a very strong platform on which we will continue to grow the Company, through both organic network builds and acquisitions.”
Holders of the Company’s first and second lien debt facilities have consented to the Transaction. Conterra’s senior debt facilities are rated by Moody’s and Standard & Poor’s.
Closing of the Transaction is subject to customary closing conditions including required regulatory approvals.
About Conterra Networks
Founded in 2003, and now operating approximately 11,100 fiber route miles, Conterra is one of the largest independent broadband infrastructure companies in the United States.
APG is the largest pension delivery organisation in the Netherlands; its approximately 3,000 employees provide executive consultancy, asset management, pension administration, pension communication, and employer services. APG performs these services on behalf of pension funds and employers in the sectors of education, government, construction, cleaning and window cleaning, housing associations, energy and utility companies, sheltered employment organizations, and medical specialists. APG manages approximately €512 billion (April 2020) in pension assets for the pension funds in these sectors. APG works for approximately 22,000 employers, providing the pension for one in five families in the Netherlands (about 4.7 million participants). APG has offices in Heerlen, Amsterdam, Brussels, New York and Hong Kong.
APG has been an active infrastructure investor since 2004, investing approximately €16.0 billion to date and managing 36 direct stakes in portfolio companies. APG’s investments include assets within energy and utilities, telecommunications, and transport infrastructure. APG’s Global Infrastructure team is comprised of 35 investment professionals.
About Fiera Infrastructure
Fiera Infrastructure is a leading global mid-market direct infrastructure investor operating across all subsectors of the infrastructure asset class. Led by a team of highly experienced and specialized professionals, the firm leverages strong global relationships, with a local presence in both Toronto, London and New York. Its rigorous approach to investment and asset management aligns with its long-term approach. Fiera Infrastructure has assets under management and commitments of C$2.1 billion as at March 31, 2020. Fiera Infrastructure has invested in 35 infrastructure assets across utilities, telecommunications, transportation, renewables and PPPs. For further information, please visit http://www.fierainfrastructure.com
About Court Square
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.1 billion of assets under management and is based in New York, N.Y. For more information on Court Square, please visit www.courtsquare.com.
Weil, Gotshal & Manges LLP acted as corporate counsel and Harris, Wiltshire & Grannis LLP serves as regulatory counsel to Fiera Infrastructure and APG, and Goulston & Storrs PC served as legal counsel to APG. TD Securities and Evercore served as financial advisors, and Dechert LLP acted as corporate counsel to Conterra and Court Square and Morgan, Lewis & Bockius LLP serves as regulatory counsel to Conterra.
For further information
SOURCE Conterra Ultra Broadband Holdings, Inc.
Conterra Networks Expands Service to Las Cruces, New Mexico
Investment of More than $5 Million in New Mexico
Charlotte, NC: August, 2019 – Conterra Ultra Broadband Holdings, Inc. (“Networks (Conterra”), a leading provider of fiber-optic network services, announced today it has made significant investments to expand its network to serve enterprise and wholesale customers in the Las Cruces area.
The network expansion is driven by a combination of large multi-year contract awards, a market need for better local broadband connectivity options, and Conterra’s strategic infrastructure development plans to increase the scope and density of its network. In total, the capital invested represents over 100 miles of fiber in New Mexico, and more than 8,200 fiber-strand miles. The company will be opening a new local sales and operations office to leverage its local network to serve the area.
For over five years Conterra has steadily invested in and operated its fiber-optic network in El Paso. The total capital invested to date exceeds $35 million. The company now boasts 420 miles of fiber (comprised of over 60,000 fiber-strand miles) serving the El Paso, Las Cruces and neighboring areas, all supporting the ongoing sale and delivery of advanced data, Internet and voice services to the growing market.
Conterra Network’s President and Chief Executive Officer, Craig Gunderson said, “We continue to invest capital and resources in our Southwest market. We are pleased that based upon our success in delivering advanced services, we are able to leverage and grow our existing broadband network infrastructure. This allows us to better serve our existing customers by connecting additional locations, and to win new customers by offering superior service that’ll be 100% supported by our local team of employees. We look forward to serving these customers in our newly enabled markets.”
About Conterra Networks
Conterra Networks is one of the largest independent broadband infrastructure companies in the United States based on its fiber and wireless assets and revenues. The company is majority-owned by Court Square Capital, a private equity firm with approximately $6 billion of assets under management, with the remaining ownership largely held by Conterra Networks’ management team. The company’s other institutional financial partners include Toronto Dominion Bank, CoBank, Bank of America, ING Capital, Fifth Third Bank, Regions Bank, and Webster Bank.
Conterra Networks Announces New Vice President of Sales and Marketing
Conterra Announces Promotions as Part of Growth Initiatives in El Paso, Texas
Charlotte, North Carolina—July 2, 2019: Conterra Ultra Broadband Holdings, LLC (“Conterra Networks”) today announced the promotion of Adrian Garcia to Vice President of Enterprise Sales and Marketing. Mr. Garcia will lead the company’s growing enterprise business segment, overseeing Conterra Networks’ sales, marketing, and product management organizations throughout its operating footprint in the United States. Mr. Garcia had been serving as Area Sales Manager for Conterra’s South West Region in El Paso, Texas.
Mr. Garcia brings 18 years of technical sales, operations, engineering and leadership experience within the broadband infrastructure and telecom industry. His expertise includes solutions engineering and talent development.
Conterra Networks also announced the promotion of Kirk Jefferson, an El Paso-based telecom leader to Area Sales Manager. Mr. Jefferson will focus on building upon Conterra’s success in El Paso. Mr. Jefferson is a 28-year veteran of the telecom industry, during which he’s held a variety of general management, sales, business development, and leadership roles in the Southwest.
Other announcements include the promotions of El Paso-based Kenneth Unpingco, to Director of Outside Plant, and Ignacio Alvarado, to Construction Manager. Together, Messrs. Unpingco and Alvarado bring over 30 years of broadband infrastructure and telecom experience in outside fiber plant engineering and operations. Their expanded roles will support Conterra’s continued growth initiatives within the region, particularly in El Paso.
Craig Gunderson, Conterra’s President and Chief Executive Officer, commented, “With Adrian’s leadership and vision, our local El Paso team successfully built a culture based on integrity, customer engagement and responsiveness. This foundation has fueled our growth and reputation for partnering with customers to achieve their objectives. I look forward to working with Adrian as a key member of Conterra’s leadership team.” Mr. Gunderson added, “The promotions of Kirk, Kenneth and Ignacio recognize their remarkable achievements, team orientation and hard work along with that of the entire local team. I look forward to their future contributions and remain excited about working to support customers in El Paso and our South West Region.”
About Conterra Networks
Founded in 2003, and now operating more than 11,000 fiber route miles, Conterra is one of the largest remaining independent broadband infrastructure companies in the United States based on its optical fiber and fixed wireless network assets and annual recurring revenues. The company is majority owned by Court Square Capital, with a minority stake held by Fiera Infrastructure and the remaining ownership largely held by Conterra’s management team. For more information about Conterra, please visit www.conterra.com.