Zayo Group acquires Atlanta firm

LOUISVILLE – Zayo Group LLC closed on the acquisition of Atlanta, Ga.-based AGL Networks LP for an undisclosed amount.

Louisville-based Zayo, which provides bandwidth infrastructure and collocation services, announced the intent to acquire the AGL in March.

The acquisition gives Zayo access to AGL’s roughly 850 route miles of fiber and 270 buildings.

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“AGL Networks is a pure play dark fiber infrastructure provider and is expected to add $9 million to $10 million of post synergized EBITDA and $160 million of total contract value to Zayo Group,” Ken desGarennes, Zayo’s chief financial officer, said in a statement.

Dark fiber gives users access to the raw, unused fiber optic strands in a company’s network.

Zayo is not yet releasing what will happen with AGL’s Atlanta office or employees, but company spokeswoman Kristin Steele said the AGL name will go away.