Hylan Expands Into Mid-Atlantic Region Through Acquisition Of Down Under Construction
HOLMDEL, N.J., March 1, 2018 /PRNewswire/ — Hylan, a market leading provider of specialized communications engineering and construction services in New York, today announced an expansion into the Mid-Atlantic region through the acquisition of Down Under Construction (“DUC”). Terms of the transaction were not disclosed.
DUC is a communications contractor headquartered in Sterling, Virginia. The company offers directional drilling, trenching, cable placement, engineering and permitting, and restoration services to support underground construction for communications and electrical infrastructure owned by fiber carriers, data center operators, and federal organizations. President Daryl Dunbar, who founded DUC in 1993, will remain in the same position post-closing. DUC will continue to operate under the Down Under Construction name.
Robert DiLeo, Chief Executive Officer of Hylan, said, “We look forward to working closely with Daryl Dunbar and the rest of the DUC team.” Mr. DiLeo continued, “The Mid-Atlantic region, especially dense metropolitan markets like Northern Virginia, Washington DC and Baltimore will likely attract significant communications-related investment in the coming years.”
Bill LaPerch, Executive Chairman of Hylan, said, “Hylan is fully committed to identifying and working with talented operators across the United States to capitalize on the rapidly increasing broadband demand trends responsible for building new or upgrading existing network infrastructure.”
Daryl Dunbar, Founder and President of DUC, commented, “I am proud of what DUC has achieved over the last 25 years and we are eager to begin this new partnership with Hylan to further accelerate our growth while maintaining our dedication to the highest level of quality and customer service.”
Hylan a leading provider of specialty communication contractor supplying wireline and wireless operators and municipal organizations with full turn-key engineering and construction services. Hylan Datacom and Electrical, its New York City franchise, maintains one of the largest and most qualified labor forces in the region. Founded in 1960, Hylan is headquartered in Holmdel, NJ and maintains offices in New York, New Jersey, and Maryland, and also performs services in Boston, Miami, and Philadelphia. In 2016, Hylan received a significant investment from Flexis Capital and TZP Capital Partners to capitalize on the secular demand trends driving increased investment in fiber and communications infrastructure. For more information, visit www.hylan.com.
About Down Under Construction
Down Under Construction is a construction contractor servicing the communications and electrical industry headquartered in Sterling, Virginia. The company offers directional drilling, trenching, duct banks, cable placement, engineering and permitting, and restoration services to support underground infrastructure construction for fiber carriers, data center providers, and other communication operators. For more information, visit www.downunderc.com.
Media Contact: Rob DiLeo, Chief Executive Officer of Hylan, 732-946-6000
View original content with multimedia:http://www.prnewswire.com/news-releases/hylan-expands-into-mid-atlantic-region-through-acquisition-of-down-under-construction-300606698.html
SOURCE Hylan Datacom & Electrical