Two Firms Dial Stonepeak’s $2.4 Billion Buy of 911 Call Business

Simpson Thacher & Bartlett is advising Stonepeak on the private equity firm’s agreement for funds it advises to buy Intrado Corporation’s Safety business, a provider of public emergency telecommunications services, for $2.4 billion.

Paul, Weiss is counseling Intrado on the agreement, which calls for the technology enabled services provider to keep its digital workflows unit.

Intrado’s Safety business has for over 40 years provided infrastructure for 911 emergency calls in the US. The network serves 3.1 million wireless sites, 2.5 billion telephone numbers, 13,600 public safety answering point seats, and includes a cloud and datacenter footprint across the US and Canada, according to a statement.

“Intrado’s Safety business represents an attractive opportunity to invest behind critical telecommunications infrastructure that underpins access to 911, a public good in the US, through its extremely high-quality network, central positioning within the emergency response chain, and long-term customer relationships,” said James Wyper, Stonepeak senior managing director.

The transaction is expected to close in 2023’s first quarter.

Simpson Thacher said its team is led by New York-based partner Brian Chisling. Paul, Weiss said its team advising Intrado includes partners Taurie M. Zeitzer and Brian Scrivani.