October 21, 2020 - Searchlight Capital Partners, L.P. (“Searchlight”), a leading private investment firm with investments in North America and Europe, and Abry Partners (“Abry”), a Boston-based sector focused private equity firm, today announced the successful carve-out of Mitel’s Clearspan Division. As a standalone company, Clearspan will be exclusively focused on delivering innovative cloud communications solutions for service providers, large enterprises, governments, and educational institutions.
The newly established Board of Directors for Clearspan appointed Bill Crank as Chief Executive Officer. “With two experienced private equity sponsors in Searchlight and Abry, talented and committed employees, and a defined vision for the future, Clearspan is well positioned to accelerate already impressive growth,” said Bill Crank, CEO of Clearspan.
Clearspan’s history spans 40 years, evolving through multiple acquisitions and name changes. Several current customers date back to its original inception, highlighting the company’s relentless focus on creating, deploying, and supporting innovative solutions that continuously redefine reliability, scalability, and operational efficiency.
Q Advisors, a leading global TMT boutique investment bank, acted as the exclusive financial advisor to Mitel in connection with this transaction.
Read the full announcement here.