PARIS and FARIBAULT, Minn., November 17, 2021 / PRNewswire / – Circet, Europe the world’s largest provider of communications network services, supported by its management team and Intermediate Capital Group (ICG), a global alternative asset manager, and KGPCo, the leading provider of communications infrastructure and chain services ” supply of products United States, today announced that the companies have agreed to join forces.
The combination of the scale of Circet’s existing network infrastructure services and its market-leading presence through Europe with KGPCo’s extensive network infrastructure and supply chain services through United States will create one of the largest and most experienced network infrastructure service providers in the North American and European communications markets, with combined revenues from global network infrastructure services of 3.1 billion US dollars, in addition to significant revenues from KGPCo’s supply chain and products.
KGPCo and Circet currently support the largest communications service providers with operations across United States and Europe, backed by more than 13,000 employees, more than 200 regional facilities and decades of experience and trust that generate significant value for existing customers, supplier partners and the industry as a whole.
Circet will take a majority stake in KGPCo Services (formerly BlueStream Professional Services) alongside the founders of KGPCo (the Putrah family) and the management team.
Through this partnership, KGPCo Services will focus on accelerating its expansion throughout the North American communications infrastructure services industry, including the design, engineering, construction and maintenance of wired and wireless networks. Circet will bring its expertise in the management of large network service projects, in particular for fiber construction where it has extensive experience associated with the massive deployment phase that takes place throughout Europe.
Circet and KGPCo aim to achieve strong organic growth thanks to unprecedented demand for United States for the deployment of fiber (FTTx), wireless networks (5G) and cloud solutions, and to implement additional external growth with the support of ICG.
To further strengthen the Circet-KGPCo partnership, Circet will also become a minority shareholder in the supply chain and product business of KGPCo, under the KGPCo brand, which will continue as a provider of advanced supply chain services and logistics, product sourcing, cloud engineering and integration services. , and will remain a Certified Women’s Business (WBE). Circet and KGPCo will continue to use KGPCo’s trusted supply chain expertise to offer customers a combined approach to turnkey product and service deployment that is highly effective and unique in the industry.
Trevor Putrah, President of KGPCo and KGPCo Services, commented: âThis is a unique moment in time for our industry with the incomparable investment in infrastructure across North America. Partnering with Circet is the right decision at the right time to best position KGPCo Services with the capital structure and scale to participate in this growth. It also provides our supply chain and product operations with immediate access to the European market to further expand our footprint and customer base. to progress and expand our relevance in the market. “
Kathleen G. Putrah, founder and president of KGPCo, commented: “Since the launch of the company, we have been driven by a customer-centric philosophy and the goal of evolving alongside our customers as a trusted partner. In the Circet organization, we see values ââand a shared goal. This creative partnership allows KGPCo to continue as a family organization on the global stage, and at the same time position KGPCo Services for faster expansion and greater success. I am delighted to join our organizations and to how it positions businesses for decades to come.
Philippe Lamazou & Donagh kelly, Managing Director and Deputy Managing Director of Circet, commented: âThe partnership with KGPCo is a key step in expanding Circet’s global presence in the North American communications services market. We are impressed with KGPCo’s reputation and nearly 50 years of service to leading communications companies market, end-to-end network infrastructure services and product supply chain offering, and its strong operational structure. We are delighted to step into the North American market and begin the exciting journey partnering with the Putrah family and their seasoned management team. “
Hadj DjemaÃ¯, head of southern Europe from ICG, commented: “This is an exciting first step in Europe for Circet which resonates well with the strategy agreed upon when ICG and Circet teamed up earlier this year. ICG is delighted to be part of this journey with the shareholders and executives of Circet and KGPCo. This transaction fits well in ICG’s DNA of being a partner for family and entrepreneurial businesses with long-term growth strategies. “
Completion of the transaction is subject to certain regulatory approvals.
KGPCo is a key strategic partner for the world’s leading communications and technology companies, creating the next generation of networks. By uniquely combining network services and supply chain solutions to create, optimize and maintain networks, the unmatched expertise of our team enables our clients to meet today’s challenges, implement tomorrow’s innovations and to build the future. KGPCo â¢ OneTouch â¢ provides a single source for everything from design and architecture to production and procurement, installation and support. From ground to cloud, KGPCo is the only company in the industry to offer a full range of solutions and an integrated approach to building, optimizing and maintaining networks. To learn more, visit www.KGPCo.com
Circet is the leading provider of network infrastructure services in Europe. The company operates in the fast growing market for network infrastructure services, supported by massive investments for the deployment of very high speed fixed and mobile. As a leader of Europe (France, the UK, Ireland, Germany, Spain, Belgium, the Netherlands, Switzerland, and Morocco), Circet’s customers include the main telecom operators (Orange, Altice, Iliad, British Telecom, Eir, Deutsche Telekom, Telefonica, Vodafone, Proximus, KPN, among others), local authorities and companies specializing in rural deployment for bridge the digital divide, and the main public and private companies that have infrastructure. In 2021, the company is present in 12 countries, achieves a turnover of 2.1 billion euros and employs more than 10,000 people. www.circet.com
About the ICG
ICG provides flexible capital solutions to help businesses grow and grow. We are a global alternative asset manager with over 30 years of history, managing US $ 65 billion assets and invest in the entire capital structure. We operate in four asset classes: Structured and Private Equity, Private Debt, Real Assets and Credit. We develop long-term relationships with our business partners to create value for shareholders, customers and employees, and use our position of influence for the benefit of the environment and society. ICG is listed on the London Stock Exchange (symbol: ICP). Further details are available at www.icgam.com. You can follow ICG on LinkedIn and Twitter.
CONTACT: Barbara baldwin, [emailÂ protected]