Wafra and Post Road Group Invest in Intermountain Infrastructure Group
Posted on 02/23/2023
Wafra Inc. is owned by Kuwait’s Public Institution for Social Security (PIFSS). Wafra and Post Road Group, an alternative investment advisory firm based on Stamford, CT, announced an investment in Intermountain Infrastructure Group LLC (IIG), a fiber infrastructure developer and operator focused on providing bandwidth and route diversity to hyperscale, cloud, carrier, and content customers.
The new partnership will enable IIG to accelerate its network deployment, including a new long-haul route in the Intermountain Region of the western United States. Led by Co-Founder, President, and CEO Jeff Yount and COO Brady Adams, IIG was founded in 2017 and owns long haul, regional and metro fiber networks in the United States and Canada including Washington, Idaho, Montana, Illinois, Nevada, California, British Columbia, and Alberta.
Advisors
Latham & Watkins LLP and Covington & Burling LLP served as legal advisors to Wafra. Orrick, Herrington & Sutcliffe LLP served as legal advisor to Post Road. IIG was advised by Bank Street Group LLC as financial advisor and Holland & Knight LLP as legal counsel.
