CBRE IM’s WANRack Adds Fiber Provider KwiKom to Portfolio
The private infrastructure portfolio company of CBRE Investment Management, WANRack, has acquired fixed wireless and fiber-to-the-home provider KwiKom Communications.
WANRack is involved in custom fiber optic network deployments providing broadband connectivity services, primarily to K-12 school districts across the United States.
The Iola, KS-based KwiKom builds and operates fiber optic and fixed wireless broadband networks that serve residential and business customers in Kansas, Missouri, Oklahoma and Nebraska.
While the financial details of the transaction were not made available, the two companies will continue operating under their respective brands following the acquisition. The transaction is expected to close in the first quarter of 2023w
This transaction will not only enhance WANRack’s existing fiber footprint in Kansas but also give entry into KwiKom’s other markets and expand our service offerings to now include fiber-to-the-home capabilities,” said Noi Spyratos, Managing Director, Private Infrastructure at CBRE Investment Management.
