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Latham & Watkins Advises Wafra, Inc. in Its Partnership With Intermountain Infrastructure Group

February 22, 2023
Digital Infrastructure focused M&A team advises leading global alternative investment firm in a transformative transaction.

Wafra. Inc. (Wafra), a global alternative investment firm, announced an investment in Intermountain Infrastructure Group LLC (IIG), a leading fiber infrastructure developer and operator focused on providing high-quality bandwidth and route diversity to hyperscale, cloud, carrier, and content customers. Post Road Group (Post Road), an alternative investment advisory firm based in Stamford, CT, also participated in the transaction alongside Wafra. The new partnership will enable IIG to accelerate its network deployment, including a new long-haul route in the Intermountain Region of the western United States. Led by Co-Founder, President, and CEO Jeff Yount and COO Brady Adams, IIG was founded in 2017 and owns long haul, regional, and metro fiber networks in the United States and Canada including Washington, Idaho, Montana, Illinois, Nevada, California, British Columbia, and Alberta.   

Latham & Watkins LLP represented Wafra in the transaction with a corporate deal team led by Houston and New York partner Ravi Purohit and Chicago and Boston partner Ian Bushner, with associates Cody Conwell, Edward Brennan, and Dalton Powell. Advice was also provided on debt finance matters by Houston partner Matthew Jones, with associate Christopher Wood; on tax matters by Bay Area partner Katharine Moir, with associate Gregory Conyers; and on benefits and compensation matters by Chicago partner Benjamin Rosemergy, with associate Dan Gocek.