A consortium led by funds managed by H.R.L. Morrison &Co, a premier global infrastructure investment firm, Australian Retirement Trust, one of Australia’s largest superannuation funds, and a managed client of UBS Asset Management, has completed its acquisition of FiberLight, LLC, a leading fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks.
In connection with the close of the transaction, FiberLight has appointed Bill Major as Chief Executive Officer, effective immediately.
Major is a seasoned telecommunications executive with more than 20 years of experience leading teams across sales, operations and process improvement, and a track record of delivering strong operating performance and financial results.
Most recently, Major served as CEO and President at Everstream Solutions LLC, where he was responsible for overseeing the execution of Everstream’s strategy as the premier enterprise and wholesale fiber platform in the Midwest of the United States and the sales, operations, legal, enterprise technology & IT and human resources executive leadership.
He also has held other senior positions at Everstream and FiberTech.
“Bill is a proven executive who brings a wealth of infrastructure knowledge, telecommunications experience, and transformative leadership capabilities to FiberLight as the company builds its team and expands its footprint,” said Perry Offutt, partner and head of North America at Morrison & Co and chairperson of FiberLight’s Board of Directors. “He is a purposeful changemaker with a customer-first approach and is the ideal individual to lead the company forward in pursuit of continued growth and scale.
“On behalf of the consortium, we look forward to partnering with Bill and the FiberLight team to broaden and enhance essential connectivity services to businesses across the U.S.,” Offutt added.
Following the close of the transaction, FiberLight will have increased financial flexibility to invest in strategic builds and expand its current lit and dark fiber optical networks, including cross-border connectivity that supports international trade.
Additionally, FiberLight will focus on developing new fiber assets, building diverse routes, and adding resiliency and redundancy to networks to ensure critical uptime for customers.
Major said, “FiberLight’s state-of-the-art networks will continue to attract high levels of demand, and our focus will be to support that demand by retaining proven talent within the organization while further fostering a culture of excellence and best-in-class customer service.
“I am eager to begin working closely with the team to provide world-class networking solutions and exceptional experiences for our customers, partners and people as we work towards being the best provider in the market not just for today’s digitally-enabled businesses, but for future generations,” he added.
In addition to Major’s appointment, FiberLight has named Peter Gallagher as Chief Operating Officer. Gallagher is an experienced industry executive who has supported Morrison & Co in the planning and development of FiberLight’s transformation program since September 2022. As COO, Gallagher oversees the scaling of FiberLight’s operations to ensure steady, strategic growth across the wider fiber infrastructure marketplace.