PE-backed Wilcon Holdings has closed a deal for Freedom Dark Fiber Networks.
Freedom, headquartered in Los Angeles, provides broadband services to businesses in southern California. Terms of the deal weren’t disclosed.
Wilcon provides Internet infrastructure and data services in California. The deal allows Wilcon to grow the company’s fiber optic network in California. Private equity firm Pamlico Capital invested in the company in 2012.
Charlotte, N.C.-based Pamlico, founded in 1988, manages more than $2 billion in assets.
Pamlico generally provides buyout investments of up to $75 million. The firm invests in the technology services, communications and health care sectors. In October, the firm closed its third fund with $650 million. In September, Pamlico closed a deal for Physicians Endoscopy.
The deal follows similar transactions by Time Warner Cable Inc. (NYSE: TWC), which picked up DukeNet Communications LLC for $600 million in October, and WaveDivision Holdings, which bought Spectrum Networks to expand its broadband service offerings in September.