CityFibre has completed its acquisition of Lit Fibre, accelerating its rollout by 220,000 premises and bringing Newlight Partners on board as minority shareholders.
Mon, 4/07/2022 - 15:45
The holding company of O’Connor Utilities and Instalcom, OCU Group, has been acquired by Triton Partners which will ramp up its fibre installation operations across the UK.
OCU has a workforce of over 3,000 employees and contractors across the UK and has delivered revenues of £300m for the latest financial year.
Subsidiary O’Connor Utilities provides installation, termination and testing services across the UK for numerous fibre providers including CityFibre.
It recently opened a training centre in Sheffield for those looking to begin a career in digital infrastructure construction.
Michael Hughes, CEO of OCU Group, said: “As we look ahead, our focus is on ensuring that the business continues to grow and evolve. Our partnership with Triton Partners will help to facilitate further growth and allow us to better take advantage of strategic opportunities in our core sectors.”
