Hylan Datacom & Electrical Announces Significant Investment by Flexis Capital and TZP Group

HOLMDEL, N.J., July 26, 2016 — Hylan Datacom & Electrical announced completion of a significant investment by Flexis Capital LLC and TZP Group LLC. Transaction terms were undisclosed.

Hylan provides communications and Internet infrastructure services, specializing in fiber and distributed antenna system (DAS) design and construction, plus heavy electrical work. The company serves major cable, fiber, wireless, and Internet providers across the New York City metropolitan area and benefits from rising demand for fiber and communications infrastructure investment.

Founders Robert DiLeo and John DiLeo, Jr. remain as Chief Executive Officer and President, respectively. Bill LaPerch joined as Executive Chairman, bringing over 30 years of telecommunications and technology industry experience. LaPerch previously led AboveNet Communications as President and CEO and serves on boards including Windstream Communications and Digital Realty Trust.

"In Flexis Capital and TZP Group, we found the right partnership because of their deep industry knowledge and relationships," said Robert DiLeo.

LaPerch added: "They provide extremely high quality, differentiated network engineering and construction services, and are closely aligned with their customers."

Managing Partners Louis Friedman of Flexis Capital and Sam Katz of TZP Group said Hylan represents "a key beneficiary of the rapidly growing demand trends for broadband-enabled content, devices, and related services."

Advisors on the transaction included Moelis & Company as financial advisor to Hylan; Kaye Scholer LLP as legal counsel; Weil, Gotshal & Manges, Kirkland & Ellis, and Jones Day as counsel to the sponsors; KPMG providing accounting and tax services; and Brightwood Capital providing debt financing, represented by Winston & Strawn.