(Lenexa, Kansas) – WANRack, LLC announced today that Grain Management, LLC, a leading private equity firm focused on investments in the communications sector, has acquired a controlling interest in the company. The capital from this investment will enable WANRack to advance its explosive growth in the private fiber Wide-Area Network (WAN) market.
“We are thrilled to be partnering with Grain Management to take our company to the next level,” said Rob Oyler, WANRack CEO. “The additional capital and sector expertise that Grain Management brings to this partnership will accelerate our expansion into larger markets and additional lines of business.”
WANRack builds private fiber networks from scratch, utilizing the company’s extensive experience in construction management, engineering, permitting, right-of-way expertise, and the federal E-Rate program. A WANRack network offers superior bandwidth, scalability, and security as compared to traditional cable or telephone company offerings.
“We are excited to partner with WANRack and have been highly impressed with the company’s leadership and expertise,” said David Grain, CEO and Managing Director of Grain Management. “We see tremendous opportunity in the fiber space and are excited to help drive the company’s continued success.”
The Grain Management investment team has extensive experience as industry operators and private equity professionals in the communications sector. Dramatic growth in mobile data traffic and sustained investment in broadband infrastructure are at the core of the firm’s thematic and targeted investment strategy.