Hylan Announces Significant Expansion Of Design And Engineering Capabilities

HOLMDEL, N.J., Feb. 26, 2018 /PRNewswire/ -- Hylan, a market leading provider of specialized communications engineering and construction services in the New York metropolitan area, today announced a significant expansion of its outside plant design and engineering capabilities through the acquisition of Arcturus Telecom LLC ("Arcturus"). Terms of the transaction were not disclosed.

Arcturus offers a range of network survey, design, permitting, drafting, project management, and consulting services in support of outside and inside plant telecommunications projects. Their list of customers includes national telecommunication providers, fiber carriers, cable operators, and engineering, procurement, and construction vendors across the United States.

Robert DiLeo, Chief Executive Officer of Hylan, said, "We fully believe in the strong demand trends that are driving fiber deployment across the United States. Arcturus well positions Hylan to provide engineering and design services to such projects throughout the country. We welcome Scott and Stephen Shafer and the rest of the Arcturus team to Hylan."

Co-Founders Scott Shafer and Stephen Shafer, who will remain as Arcturus' President and Chief Technology Officer, respectively, post-closing commented, "We look forward to our new partnership with Hylan. We were attracted to Hylan's customer-focused values and strong construction expertise as we sought a platform to expand our reach and scale. We are eager to continue providing our customers with exceptional and value-added service under the Hylan platform."

About Hylan
Hylan a leading provider of specialty communication contractor supplying wireline and wireless operators and municipal organizations with full turn-key engineering and construction services. Hylan Datacom and Electrical, its New York City franchise, maintains one of the largest and most qualified labor forces in the region. Founded in 1960, Hylan is headquartered in Holmdel, NJ and maintains offices in New York, New Jersey, and Maryland, and also performs services in Boston, Miami, and Philadelphia. In 2016, Hylan received a significant investment from Flexis Capital and TZP Capital Partners to capitalize on the secular demand trends driving increased investment in fiber and communications infrastructure. For more information, visit www.hylan.com.

About Arcturus Telecom
Arcturus is an end-to-end network engineering, design, project management, and consulting firm focused on outside and inside plant construction projects across the United States. For more information, visit www.arcturustelecom.com.

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