Chief Executive Officer Robert DiLeo and President John DiLeo, Jr., who have driven the company through two decades of rapid growth, will continue to lead the Company in their executive positions.
Additionally, Hylan announced that accomplished industry veteran Bill LaPerch will be joining Hylan as Executive Chairman. Mr. LaPerch will bring over 30 years of operating and board-leadership experience in the telecommunications and technology industries to Hylan. Mr. LaPerch is the former President and Chief Executive Officer of AboveNet Communications, Inc., where he successfully transformed that company into a profitable and recognized leader in fiber optical connectivity solutions for Fortune 1000 companies. He currently serves on the boards of Windstream Communications, Digital Realty Trust, Inc. and is an advisor to privately held companies FirstLight Fiber, Global Capacity, and Cross River Fiber.
Robert DiLeo commented, "We are very proud of the company that we have built, and picking the best partners for Hylan's next phase of growth was critical for our family and our employees. In Flexis Capital and TZP Group, we found the right partnership because of their deep industry knowledge and relationships. Importantly, the leadership and experience of Bill LaPerch will help us achieve Hylan's growth and market potential."
Bill LaPerch stated, "I have known Robert and John DiLeo since the early 2000s when I was a customer of theirs at Metromedia Fiber. They provide extremely high quality, differentiated network engineering and construction services, and are closely aligned with their customers. I am excited to work with the DiLeos to maximize the growth opportunities by adding my service provider experience to their construction expertise in the wireline and wireless infrastructure."
Louis Friedman and Sam Katz, Managing Partners of Flexis Capital and TZP Group, respectively, said, "We identified Hylan as a key beneficiary of the rapidly growing demand trends for broadband-enabled content, devices, and related services. We are incredibly excited to partner with Robert and John DiLeo, Bill LaPerch, and the rest of Hylan's management team as the company provides its customers with the vital services necessary to expand and maintain their broadband network infrastructure in one of the most important data communication cities in the United States."
Moelis & Company served as financial advisor to Hylan. Kaye Scholer LLP acted as legal advisor to the Company. For the sponsors, Weil, Gotshal & Manges LLP, Kirkland & Ellis LLP, and Jones Day served as legal counsel and KPMG advised on accounting and tax matters. Brightwood Capital provided debt financing to Hylan in connection with the transaction. Winston & Strawn acted as legal advisor to Brightwood.
About Hylan Datacom & Electrical
Hylan Datacom & Electrical is a leading provider of specialty contracting services in the New York City region supplying telecommunication providers and municipal organizations with full turn-key operations of data communications, electrical contracting, lighting and electrical maintenance, utility construction, and emergency/disaster recovery services. Hylan's customers include global multi-nationals as well as local businesses. The Company maintains one of the largest and most qualified labor forces in the region. Founded in 1960, Hylan is headquartered in Holmdel, NJ and maintains offices in New York and New Jersey. For more information, please visit www.hylangroup.com.
About Flexis Capital
Flexis Capital LLC is a private equity firm founded in 2009 which invests in media, communications, business services and consumer sectors in which it has a deep network of sourcing and operating executive relationships. Flexis pursues investment opportunities across a range of securities and combines capital structure flexibility with an active value approach, working with management and boards as a "trusted partner." For more information, please visit www.flexiscapital.com.
About TZP Group
TZP Group, a private equity firm with assets under management of more than $700 million across its family of funds, is focused on investments in business and consumer services companies. Founded in 2007, TZP targets companies with solid historical profitability and sustainable value propositions and aims to be a "Partner of Choice" for business owners and management teams. TZP seeks to invest primarily in closely-held, private companies where the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals' operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation. For more information, please visit www.tzpgroup.com.
For further information contact:
Jeffrey Z. Taufield / Nathan Riggs
Hylan Datacom & Electrical
Flexis Capital LLC
Louis P. Friedman
TZP Group LLC
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SOURCE Hylan Datacom & Electrical