On March 27, 2023, Basalt Infrastructure Partners LLC announced its agreement to acquire Fatbeam Holdings, LLC, a leading fiber infrastructure provider in the western United States, from a fund managed by firm client SDC Capital Partners, LLC and other shareholders. The transaction is conditional on obtaining customary regulatory approvals and is expected to be completed in Q2 2023.
Founded in 2017, SDC is a global digital infrastructure investment firm with approximately $4 billion of assets under management. The firm invests in data centers, fiber networks, wireless infrastructure and associated businesses, with a focus on opportunities to leverage its deep operational expertise in partnership with exceptional teams to create value. During its three-year-long partnership with Fatbeam, the company developed into a leading provider of fiber-based network solutions to education, commercial, carrier and government customers across eight states.
The WilmerHale team advising SDC Capital Partners was led by Stephanie Evans, Andy Alin, Tyler Carson, Jenna El-Fakih and Milan Kumar with assistance from Bill Caporizzo, Meghan Walsh, Scott Kilgore, Leon Greenfield, Carla Gilbertson, Jeff Johnson, Tom Anderson, Douglas Burton and Chalyse Robinson.