August 5, 2022
ENTRUST Solutions Group, one of the top engineering, consulting, data analytics and automation services firms in the US, announced today that it has completed 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 that helps 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 modernization, 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 utilizing 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,” said Jaxon Lang, CEO of FiberRise. “We’re delighted to join a company that is focused on a market we are honored to serve.”
About FiberRise Communications, LLC
FiberRise works exclusively with utilities to design, fund, build, and operate the fiber infrastructure required for effective grid modernization and broadband delivery. As a result, more than 700,000 homes and businesses have received fiber broadband access and grid modernization. Their Utility Grade BroadbandTM architecture drives an unprecedented build rate, which delivers significant economic benefits for utilities. FiberRise focuses on quality-of-life issues by helping utilities advance their grids and provide high-speed, reliable broadband that is accessible and affordable for all.
About ENTRUST Solutions Group
ENTRUST Solutions Group’s 2,700+ professionals across 35 locations in the United States provide comprehensive and dependable engineering, consulting, design, asset integrity, data solutions, and automation services to utilities, operators, and industrial customers with excellence from start to finish.
About Kohlberg & Company
Kohlberg is a leading private equity firm based in Mount Kisco, New York. Since its inception in 1987, the company has organized nine private equity funds, through which it has raised $12 billion of committed equity capital. Over its 35-year history, Kohlberg has completed 90 platform investments and nearly 250 add-on acquisitions, with an aggregate transaction value of approximately $35 billion.
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