Rogers Communications acquires Atria Networks
October 8, 2010
Rogers Communications Inc. is acquiring Atria Networks LP, owner and operator of one of Ontario’s fiber-optic networks, for cash consideration of $425 million, subject to certain adjustments. Atria is privately owned by Birch Hill Equity Partners.
The purchase of Atria, which is based in Kitchener, augments the Rogers
Business Solutions offering, says Rogers, by enhancing its ability to
deliver on-net data-centric services within, and adjacent to, the
company’s cable footprint.
“The business-to-business market represents a significant opportunity
for Rogers. The acquisition of Atria strategically fits with our
enterprise strategy to offer on-net, high-growth data services to small-
and medium-sized businesses,” said Nadir Mohamed, president and CEO,
Rogers. “Atria brings a highly experienced and dedicated management team
with a strong track record of success. We are pleased to welcome
Atria’s 130 employees to the Rogers team.”
Atria’s network includes 5600 fiber-route km and over 3800 on-net
buildings in territories including Ottawa, Cornwall, Kitchener-Waterloo,
Cambridge, Guelph, Richmond Hill, Markham, Hamilton, Barrie, Orillia,
Peterborough and Vaughan. Atria serves a customer base of over 1100
spanning the public sector, enterprise and carrier providers.
“We are very proud of the part that we played alongside the management
and employees of Atria in building this great company,” said Michael
Salamon of Birch Hill Equity Partners. “As part of Rogers, we are
confident that Atria will continue to flourish as a customer-focused
service provider and best-in-class employer.”
The closing of the transaction is subject to regulatory approval. Rogers
expects the transaction to close prior to the end of its first quarter,
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