MELBOURNE, Florida., May 18, 2022 /PRNewswire/ — Young’s Communications, LLC (“Y-COM” or the “Company”), a Prime Minister Floridabased construction services provider to telecom, utility and electrical infrastructure companies, backed by Grain Management, LLC (“Grain”), announced today that it has completed its acquisition of Borecomm Solutions Inc. (“Borecomm”), an underground telecommunications construction company.
Based at FloridaBorecomm is focused on building fibre-to-the-home (FTTH), using specialized assets, equipment and a skilled team to meet the growing needs for network services in the region’s residential market.
CEO of Y-COM Chad Rasmussen said, “Our new partnership with Borecomm is another compelling catalyst for our business as we gain capacity in new markets with increased demand for residential broadband services. The assets this acquisition brings will expand our capabilities in underground construction and allow us to better serve businesses meeting the needs of the FTTH market in our service area.”
“The equipment used by Y-COM’s growing business is in high demand,” said Nikola TrkuljaGeneral Manager of Grain, “makes this acquisition very exciting for the team. Through partnerships like Borecomm, Y-COM has skillfully navigated around potential supply chain constraints to maintain the highest level of quality for its customers. We look forward to continuing to work together to target new markets and expand Y-COM’s service offering.”
Borecomm is the third acquisition for Y-COM since Grain acquired the company last year. Shutts & Bowen LLP acted as legal counsel to Y-COM in this transaction.
Young’s Communications, LLC was founded in 1972 as a CATV/TV coaxial cable line wiring contractor, and today operates as a super regional provider of infrastructure services to the telecommunications, utility utilities and electricity. The company offers a full range of capabilities, including underground, overhead and emergency services to its customers. For more information, visit the Y-COM website at www.ycominc.com.
About grain management
Grain Management, LLC is a leading global investment firm focused on broadband infrastructure and technology companies that connect the world to the information economy. Founded in 2007, Grain invests exclusively in the global telecommunications sector, using a rigorous data-driven process backed by deep industry expertise to identify investment opportunities in key areas of telecommunications infrastructure, including fiber networks, wireless spectrum and cell towers. For more information, visit www.grainp.com.
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SOURCE Grain Management, LLC