CBRE Investment Management Acquires Gateway Fiber from Crosstimbers Capital Group

CBRE Caledon Acquires Fiber Network Operator WANRack

July 2, 2021

Telecommunications

CBRE Caledon Capital Management Inc. has completed the previously announced acquisition of WANRack LLC, a fiber operator and developer that provides broadband connectivity (primarily to K-12 school districts) across the United States. The seller was Grain Management, which had been the controlling investor; WANRack's founder and CEO Rob Oyler and management retain an equity stake and will continue to lead the company.

Gateway Fiber Merges with WANRack and KWIKOM, Unifying Operations Under Gateway Fiber

July 29, 2025

Telecommunications

Gateway Fiber announced a merger with E‑Rate provider WANRack and consumer broadband provider KWIKOM, consolidating the three businesses to operate under the Gateway Fiber brand. WANRack's E‑Rate services will continue as “WANRack powered by Gateway Fiber” through the end of 2025 while the companies integrate to expand residential, business, enterprise, and education broadband offerings.

WANRack Acquires KwiKom Communications

January 12, 2023

Telecommunications

WANRack, a national fiber infrastructure provider backed by CBRE Investment Management, entered into a definitive agreement to acquire JMZ Corporation d/b/a KwiKom Communications. KwiKom — a Kansas-based operator of fiber optic and fixed wireless broadband serving parts of Kansas, Missouri, Oklahoma and Nebraska — will continue operating under its brand; the deal is expected to close in Q1 2023 subject to customary approvals.

TowerBrook Capital Partners Acquires CBTS from altafiber

February 8, 2024

IT Services

TowerBrook Capital Partners has agreed to acquire CBTS, a Cincinnati-based provider of IT services and solutions, from parent company altafiber. The deal will provide CBTS with investment capital to accelerate growth, expand its service portfolio and market coverage, and allow altafiber to focus on its fiber network infrastructure business.

CBRE Caledon Acquires Majority Stake in CitySwitch Tower Holdings

September 14, 2021

Telecommunications

CBRE Caledon Capital Management has entered into a definitive agreement to acquire a majority equity interest in CitySwitch Tower Holdings, a build-to-suit wireless tower developer and operator, from funds managed by American Infrastructure Funds LLC and other shareholders. The investment (made on behalf of a CBRE Caledon fund and a separately managed account) will support CitySwitch's expansion of its tower portfolio and build-to-suit pipeline across the eastern United States.

i3 Broadband Acquires Big River Broadband and Circle Fiber

May 31, 2023

Telecommunications

i3 Broadband has completed the acquisition of Big River Broadband and its wholly owned subsidiary Circle Fiber, expanding i3's fiber-to-the-home footprint into southeast Missouri. The Peoria-area operator said the deal closed on May 31, 2023 and that it expects to invest an additional $100 million to grow the southeast Missouri market and expand gigabit services.