Canadian mid-market buyout firm Novacap has lent support to the acquisition activity of Montréal-based Fibrenoire Internet Inc., a telecommunications company specializing in fiber optic connectivity services for businesses. Fibre Noire bought Société des Réseaux Dédiés et Privés Inc. and Réseau du Haut-Richelieu Inc., two independent fiber optic networks in the Montréal area. The financial terms of the two transactions were not disclosed.
FIBRENOIRE, a telecommunications company specializing in fiber connectivity services for businesses in Quebec and Ontario, continues its expansion with the acquisition today of Société des Réseaux Dédiés et Privés Inc. (SRDP Telecom) and Réseau du Haut-Richelieu Inc. (RHRI), two independent fiber optic networks in the Greater Montreal Area. The acquisition gives FIBRENOIRE the largest fiber network in Quebec exclusively dedicated to business.
The acquisition expands the FIBRENOIRE network to more than 75 million of fiber-metres – the equivalent of circumventing the earth twice – concentrated in three of the four largest metropolitan areas in Eastern Canada: Toronto, Montreal and Quebec City. FIBRENOIRE’s fiber optic network now serves more than 500 commercial and industrial buildings and 39 data centres in Quebec and Ontario, as well as secondary markets such as St-Hyacinthe, Drummondville, Granby, St-Jean-sur-Richelieu and Sherbrooke.
“FIBRENOIRE distinguishes itself by providing businesses with the fastest and most reliable internet and private network connectivity services in the industry, ranging from 10Mbps to 100Gbps symmetrical. Thanks to our network, clients can deploy the extremely powerful and robust telecommunications infrastructures essential for running cloud applications like business continuity and data backup and to send massive amounts of information through the internet, to increase productivity and achieve significant operational gains,” said Benjamin Desmarais, president and CEO of FIBRENOIRE.
According to François Tessier, president of SRDP Telecom and RHRI, “the combination of FIBRENOIRE’s expertise and SRDP’s networks will provide businesses with a unique service offering at the very forefront of the telecommunications industry.” Tessier will now chair the FIBRENOIRE board.
A strong financial partner: NOVACAP
The transaction was completed with the help of NOVACAP, a Quebec-based private investment company. “We were immediately impressed by the three companies, the way they have evolved so far, and their growth potential. By supporting FIBRENOIRE in its development, we’re sending a clear message to technology decision makers,” said Stéphane Tremblay, senior partner at NOVACAP. “There is now a powerful and viable alternative to the large telecommunications networks.”
Founded in 2007, FIBRENOIRE is a telecommunications company specializing exclusively in fiber optic connectivity services for businesses in Quebec and Ontario. FIBRENOIRE deploys and operates its own network of more than 1500 km of fiber optic cable in the metropolitan areas of Toronto, Montreal and Quebec City. The company provides internet, Ethernet, private IP MPLS, custom-built dark fiber and intra- and intercity wavelength transport services.
FIBRENOIRE serves more than 1000 companies of all sizes including several international carriers and internet service providers (ISP) operating in Canada. The company has forty employees, with a head office in Montreal. For more information, please visit www.fibrenoire.ca.
With $790 million under management, NOVACAP is one of Canada’s leading private investment firms. Since 1981, its distinctive partnership approach, based on in-depth operational expertise, has helped accelerate the growth of more than fifty companies in North America. NOVACAP is regarded as one of the best private investment firms on the continent. For more information, please visit www.novacap.ca.
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