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 completion of its 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 significantly expands and complements Circet USA’s existing OSP capabilities and expertise, providing customers a comprehensive end-to-end OSP services offering.
With the closing, Ralph Hernandez becomes CEO of Blue Streak and CCU, replacing Rick Hubbard, who is retiring and moving to the role of strategic advisor for Circet USA.
Trevor Putrah, CEO of Circet USA, commented: “It is a very exciting day for our business with the Blue Streak and CCU teams now officially part of the Circet USA family. We couldn’t be more excited about our future and working with Ralph and the Blue Streak and CCU teams.”
Ralph Hernandez, CEO of Blue Streak and CCU commented: “It is an honor to step into the role of CEO for Blue Streak and CCU, companies that were established 40 years ago and now become part of the Circet USA family. We will continue to strengthen our culture of team and collaboration, focusing on our core of delivering a customer experience our clients have come to rely on.”
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.
