CBRE Caledon Completes Acquisition of Fiber Network Developer and Operator WANRack

02 Jul 2021

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Senior Director, Corporate Communications

Pam Barnett

Senior Director, Corporate Communications

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CBRE Caledon Capital Management Inc. (“CBRE Caledon”), the private infrastructure investment arm of CBRE Global Investors, is pleased to announce the closing of the previously announced acquisition of WANRack LLC after receiving all regulatory approvals. WANRack is a fiber operator and developer providing broadband connectivity services, primarily to K-12 school districts across the United States.

CBRE Caledon completed this investment on behalf of a fund sponsored by the firm as well as one of its separately managed accounts. WANRack’s management retains an equity stake in the company, and the business will continue to be led by its original founder and CEO, Rob Oyler.

“We are excited to have completed this acquisition and to partner with WANRack’s management team to support opportunities for growth across E-Rate and the company’s commercial fiber strategy,” said Noi Spyratos, Partner at CBRE Caledon.

CBRE Caledon was advised in this transaction by financial advisor RBC Capital Markets, legal counsel Morgan, Lewis & Bockius, commercial advisor ACM Atlantic and technical advisor Broadband Success Partners.

About CBRE Caledon
CBRE Caledon Capital Management Inc. is a leading infrastructure and private equity solutions provider. We create long-term value for clients by accessing and managing high-quality investment opportunities and building comprehensive infrastructure and private equity portfolios. Today, our dedicated team of 52 professionals represents $8.5 billion on behalf of institutional investors globally. CBRE Caledon is a separate business unit within CBRE’s independently operated investment management subsidiary, CBRE Global Investors. For more information about CBRE Caledon, please visit

About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $122.7 billion in assets under management* as of December 31, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit

About WANRack
WANRack provides high-bandwidth, fiber-based communications networks and related services to customers throughout the continental United States. Service offerings include E-Rate-compliant lit fiber, dark fiber, and special construction solutions. Headquartered in Lenexa, Kansas, the company provides superior designed fiber networks, which eliminate countless points of failure found in traditional legacy networks. To learn more about WANRack, visit

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.