We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The additional office of a yet-to-be disclosed location and size will be an expansion, Scott Reardon, vice president of corporate development and investor relations, wrote in an email.
“We will maintain our Louisville and Denver Tech Center offices, but are excited to add the Boulder office in order to accommodate the growth of the business and Zayo Boulder employees – and move closer to the heart of Boulder’s active business community,” Reardon said.
Founded in 2007, Zayo has aggressively bought other telecom companies, including AboveNet Inc. (NYSE: ABVT), which Zayo acquired this summer for $2.2 billion. Zayo has completed 22 acquisitions, and its network now is 67,000 route miles with a total of 4.7 million miles of fiber and 10,000 buildings on net.
“With recent acquisitions (most notably the take-private of AboveNet Communications) and continued strong organic growth, Zayo generates nearly $1 billion in annual revenue over its leading US and European fiber network,” Reardon said.