Houlihan Lokey Advises Palisade Infrastructure

Houlihan Lokey is pleased to announce that Palisade Infrastructure (Palisade) has acquired select Washington assets from Consolidated Communications, Inc. (Consolidated). The transaction closed on May 1, 2024.

The transaction includes Consolidated’s incumbent networks in Ellensburg and Yelm, comprising a mixture of fiber-to-the-home and DSL technologies. Palisade intends to accelerate the build-out of the fiber network in these markets, providing high-speed, low-latency connectivity to households and businesses.

This is Palisade’s second broadband investment in Washington State, following the announcement of the transaction to acquire Rainier Connect in December 2022. Palisade aims to develop a regional platform for fiber and high-speed broadband connectivity by investing in these markets to benefit all stakeholders, including employees, customers, and communities.

Mike Reynolds, Managing Director at Palisade, said, “We are excited to expand our fiber broadband platform in Washington State, in attractive markets that are in proximity to the Rainier Connect network. We look forward to continuing to grow the platform in the future.”

Houlihan Lokey served as the exclusive financial advisor to Palisade.