Digital Colony Partners acquired Beanfield Technologies Inc.
Digital colony announced Digital Colony Partners' acquisition of Beanfield Technologies Inc. (Beanfield), an independent bandwidth infrastructure provider in Canada serving the enterprise, carrier and multi-dwelling units (MDU) markets.
Beanfield's portfolio includes 366 route kilometers of pervasive and dense metro fiber infrastructure in Toronto and Montreal and over 76,000 strand kilometers of fiber infrastructure, representing an average of 208 strands per route kilometer. The company also has 541 on-net locations, including 367 commercial locations, 161 MDUs and 13 data centers. Beanfield owns 100% of its assets.
Davies Ward Phillips & Vineberg LLP served as legal counsel to Digital Colony Partners and TD Securities led on debt financing. DLA Piper served as legal counsel to Beanfield and The Bank Street Group LLC acted as the firm's financial advisor.
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