Zayo acquires Canada-based company for nearly $25 million

BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) has acquired Vancouver-based Optic Zoo Networks for $24.8 million.

Optic Zoo owns and operates high-capacity fiber in Vancouver and focuses on the digital-media sector for customers.

The deal will add 103 route miles more than 100 on-net buildings to Zayo’s footprint in Vancouver.

SPONSORED CONTENT

Select your Republic Services residential cart now!

In preparation for Republic Services becoming the primary provider of residential recycling, yard trimmings, and trash, residents should now select the best cart size and service schedule for their household needs.

“The addition of Optic Zoo, with its pure-play assets and innovative team, will complement our Canadian footprint and accelerate our traction in a rapidly growing media and technology hub,” Jack Waters, CTO and president of Fiber Solutions at Zayo, said in a prepared statement. “Optic Zoo has built a strong and growing business, attracted an impressive customer base and delivered revenue growth rates of more than 20 percent.”