Circet, a global network services provider, and its U.S. entity Circet USA, a leading provider of network services throughout the U.S., announce today the acquisition of Gemini Communications and its subsidiaries, Blue Streak and CCU, leading providers of outside plant (“OSP”) construction, maintenance, repair and event-related restoration services for top-tier U.S. communications operators.
With company heritage dating back to 1985, Blue Streak and CCU now employ 700+ professionals, supporting critical network construction, maintenance, and overbuilding for leading internet service providers. The addition of Blue Streak and CCU will significantly expand and complement Circet USA’s existing OSP capabilities and expertise, providing customers a comprehensive end-to-end OSP services offering.
Trevor Putrah, CEO of Circet USA, commented: “The acquisition of Blue Streak and CCU adds invaluable OSP construction leadership, scale, and experience to Circet USA at a time of unprecedented investment in fiber infrastructure across the US. We are delighted to welcome the Blue Streak and CCU teams to the Circet family, and we look forward to driving significant value to our customers through the combination of our organizations.”
Rick Hubbard, CEO of Blue Streak and CCU, commented: “Our Blue Streak and CCU teams are honored to join the growing Circet USA family. We could not ask for a better partner to share our delivery of best-in-class service offerings to our valuable customers.”
Lazard Frères & Co. acted as financial advisor and A&O Shearman acted as legal counsel to Circet. Truist Securities acted as financial advisor and Stearns Weaver Miller acted as legal counsel to Gemini.
The transaction is subject to regulatory approvals and other customary closing conditions.
