Fiber-based communications solutions provider Zayo Group has acquired Nashville-based Education Networks of America (ENA) for an undisclosed sum of money. ENA provides managed network connectivity and security services to E-Rate-funded school districts and other public sector clients.
ENA and Zayo Group would be in a unique position to deliver high-quality managed services and customer support to education, library, community healthcare, and public sector clients.
As part of the sale, previous investor ZMC, a renowned private equity company focused on technology, media, and communications ventures, would divest its shareholding. The deal is subject to customary regulatory approvals and closing conditions.
“ENA is a leader in delivering comprehensive managed network and security solutions for educators, enhancing academic quality and productivity driven by digital transformation and the growing need for remote learning,” said Andrés Irlando, President at Zayo Group.
“As Zayo looks to expand its strong public sector capabilities and serve the critical connectivity needs of our nation’s education system, ENA brings the technology, geographic reach, and service delivery we need to help our customers thrive.
We are committed to expanding this business, providing enhanced services to ENA customers and supporting the ENA team as we drive growth and innovation together.”
Managed Services Approach
“By joining Zayo, ENA will be combining our high-touch managed services approach and innovative technology solutions with Zayo’s best-in-class fiber network and already robust E-Rate practice,” said David Pierce, Chief Executive Officer (CEO) at ENA. “Together we will deliver tremendous value and industry-leading customer experience, and enable faster growth. We are excited for this next chapter as part of Zayo.”
Dark fiber, private data networks, wavelengths, Ethernet, dedicated Internet access, and data center connection solutions are among Zayo’s communications infrastructure offerings. Zayo has a Tier 1 IP backbone that it owns and runs. Zayo’s CloudLink solution connects organizations to their public cloud environments with low-latency private connectivity.
Wireless and wireline carriers, media, technology, content, finance, healthcare, and other significant companies are served by the connection solutions firm.
“We thank ENA’s outstanding management team and talented group of employees for their partnership during a period characterized by innovation in a rapidly changing environment,” said Andrew Vogel, Co-Chief Investment Officer and Managing Partner at ZMC. “We remain excited about the company’s future prospects with Zayo’s support.”
Skadden and Morgan Lewis are serving as legal counsel for Zayo Group in connection with the transaction. Evercore is serving as financial advisor for ENA, while Kirkland & Ellis is serving as its legal advisor.