Crown Castle’s Acquisition of Wilcon

On April 17, 2017, Crown Castle International Corp. (“Crown Castle”) announced that it has entered into a definitive agreement to acquire privately held Wilcon Holdings LLC (“Wilcon”) for approximately $600 million, subject to certain limited adjustments, from Pamlico Capital and other unit holders of Wilcon. Wilcon is a fiber services provider that owns approximately 1,900 route miles of fiber, primarily in Los Angeles and San Diego. Pro forma for the proposed acquisition, Crown Castle will own or have rights to over 28,000 route miles of fiber. Cravath is representing Crown Castle in connection with the transaction.

The Cravath team is led by partners Stephen L. Burns and Erik R. Tavzel and includes associates Michael E. Mariani, Jared B. Taylor, Andrew T. Murphy and Sarah R. Jacobson on M&A matters; partner Eric W. Hilfers and associate Matthew J. Bobby on executive compensation and benefits matters; partners Andrew W. Needham and Christopher K. Fargo and associates Ashley N. Elnicki and Joyce Y. Kim on tax matters; and partner Matthew Morreale on environmental matters. Christopher C. Gonnella also worked on executive compensation and benefits matters.