Morrison-Led Group to Buy FiberLight for About $1 Billion (1)

A consortium led by HRL Morrison & Co. said it agreed to acquire US fiber infrastructure provider FiberLight, marking the firm’s first North American digital-infrastructure bet.

Superannuation fund Australian Retirement Trust and a client of UBS Asset Management are part of the consortium that agreed to buy FiberLight from Thermo Companies, the companies said in a statement Thursday. California State Teachers’ Retirement System is the UBS client, and the transaction values FiberLight at about $1 billion including debt, according to people with knowledge of the matter, who asked to not be identified because the financial details are private.

Morrison ...