Grain Management has acquired a controlling stake in Lenexa, Kansas-based WANRack LLC, a provider of private fiber optic WAN solutions for K-12 school districts in the U.S. No financial terms were disclosed.
LENEXA, KAN. (PRWEB) JANUARY 30, 2018
WANRack, LLC announced today that Grain Management, LLC, a leading private equity firm focused on investments in the communications sector, has acquired a controlling interest in the company. The capital from this investment will enable WANRack to advance its explosive growth in the private fiber Wide-Area Network (WAN) market.
“We are thrilled to be partnering with Grain Management to take our company to the next level,” said Rob Oyler, WANRack CEO. “The additional capital and sector expertise that Grain Management brings to this partnership will accelerate our expansion into larger markets and additional lines of business.”
WANRack builds private fiber networks from scratch, utilizing the company’s extensive experience in construction management, engineering, permitting, right-of-way expertise, and the federal E-Rate program. A WANRack network offers superior bandwidth, scalability, and security as compared to traditional cable or telephone company offerings.
“We are excited to partner with WANRack and have been highly impressed with the company’s leadership and expertise,” said David Grain, CEO and Managing Director of Grain Management. “We see tremendous opportunity in the fiber space and are excited to help drive the company’s continued success.”
The Grain Management investment team has extensive experience as industry operators and private equity professionals in the communications sector. Dramatic growth in mobile data traffic and sustained investment in broadband infrastructure are at the core of the firm’s thematic and targeted investment strategy.
About WANRack, LLC:
WANRack specializes in providing private fiber optic WAN solutions for K-12 school districts throughout the United States. Service offerings include E-Rate compliant lit fiber, dark fiber, and special construction solutions. Headquartered in Lenexa, Kansas, WANRack’s executive management team has been providing Fiber Optic WANs to school districts since 2005. For additional information, visit http://www.wanrack.com.
About Grain Management, LLC:
Grain Management, LLC is a leading private equity firm focused on investments in the Communications sector. The Firm was founded in 2007 with the objective of bringing to the industry a differentiated approach characterized by expansive sector knowledge, rigorous analytics, and dedicated, in-house operating and financial professionals. The team is marked by extensive operating history, deep quantitative and analytical proficiency, and regulatory expertise. Grain has generated outsized returns, partnering with the country’s leading academic institutions, endowments, foundations, and public pension plans to deploy capital across three institutional funds and two co-investment vehicles. The firm is headquartered in Washington, D.C. with an additional office in Sarasota, Florida. For additional information, visit http://www.graingp.com.