Canadian telecom firm Shaw to buy PE-backed ViaWest for $1.2 bln

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Calgary-based telecom company Shaw Communications has agreed to acquire ViaWest for $1.2 billion. The sellers include Oak Hill Capital Partners and GI Partners. Based in Denver, ViaWest is a provider of data center infrastructure, cloud technology and managed IT solutions in North America.

On the acquisition, the Canadian firm’s CEO Brad Shaw said in a statement, “We identified the data centre sector as an attractive opportunity adjacent to our core business and with the acquisition of ViaWest, Shaw gains significant capabilities, scale and immediate expertise in the growing marketplace for enterprise data services.”

TD Securities is serving as financial advisor to Shaw on the transaction while RBC Capital Markets is financial advisor to ViaWest.

ViaWest’s current management, which is led by co-founder, president and CEO Nancy Phillips, will remain in place and continue to operate from its Denver base.

The transaction is expected to close in September.

Photo courtesy of Shutterstock.

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