August 12, 2022
ENTRUST Solutions Group, one of the top engineering, consulting, data analytics and automation services firms in the US, announced its completion of the acquisition of FiberRise Communications, LLC, a company headquartered in Huntsville, Alabama.
This partnership with FiberRise, an innovator in providing grid modernization and broadband consulting and engineering services, will allow ENTRUST Solutions Group to expand its footprint in the utility broadband communications sector. Together, they will be able to help electric cooperatives, municipalities, and investor-owned utility companies provide people, families, businesses, and schools access to modern technology to help them thrive.
Adam Biggam, CEO of ENTRUST Solutions Group, said, “We couldn’t be happier with the addition of FiberRise to the ENTRUST family. This partnership will further strengthen our focus on supporting utility clients with grid modernisation, internal network development, and fiber expansion. We are also thankful for our continued partnership and support from Kohlberg & Company to grow this shared vision for the future.”
FiberRise and ENTRUST share similar values and both work with utilities to transform their businesses and communities. This partnership will pave the way for successful future projects utilising diverse disciplines and out-of-the-box approaches to meet the challenges of the ever-changing utility market.
“From the beginning, FiberRise has been dedicated to empowering electric utilities through our innovative use of fiber to positively transform the lives of their communities. Our partnership with ENTRUST Solutions Group strengthens our commitment to the electric utility market while allowing us to grow at scale, expand our footprint, and broaden our service offerings. We’re delighted to join a company that is focused on a market we are honored to serve,” concluded Jaxon Lang, CEO of FiberRise Communications, LLC.
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Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading national M&A and merchant banking services company with over 32 years of advisory experience dedicated to middle-market transactions.