The $50 million sale of Bellingham-based Black Rock Cable was officially completed by WaveDivision Holdings.
WaveDivision, a Kirkland business-class fiber optic and broadband service company, announced plans to purchase Black Rock in September. Black Rock provides high-speed fiber optic services in Whatcom, Skagit and Snohomish counties.
Wave provides video, internet and phone services for nearly 400,000 residential and commercial customers in Washington, Oregon, and California.
“This is a particularly important acquisition for Wave, as Black Rock’s proven expertise in dealing with commercial and wholesale clients greatly strengthens our enterprise business, while extending Wave’s dark fiber network from the Canadian border down the West Coast to the San Francisco (domestic market area),” said Steve Weed, Wave CEO, in a news release. “Connecting the Wave network to Black Rock’s thousands of miles of fiber infrastructure adds to Wave’s already asset-rich, high-capacity business and stands to enable better services for both new and existing customers.”
The company says the transaction, which closed at the end of 2012, will not impact Black Rock customers or employees. Services will continue without interruption as operations continue to be merged with Wave.