Davis Polk is advising Communications Sales & Leasing, Inc. on its $170 million acquisition of Hunt Telecommunications, LLC. The initial consideration to be paid to the equity-holders of Hunt will include cash and common units issued by an operating partnership to be formed by CS&L. Hunt shareholders may also receive additional contingent equity consideration, consisting of newly issued shares of CS&L common stock, upon Hunt achieving certain defined milestones. The acquisition, which is expected to close during the third quarter of 2017, is subject to customary closing conditions.

CS&L, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a provider of wireless infrastructure solutions for the communications industry. Hunt is a provider of data transport to K–12 schools and government agencies with a dense network of 140,000 fiber-strand miles and 2,600 fiber-route miles in Louisiana.

The combined Davis Polk mergers and acquisitions and capital markets team includes partners Michael Kaplan, H. Oliver Smith, Mark M. Mendez and Brian Wolfe and associates Evan Rosen, Reid B. Fitzgerald, Lillian deSouza Burr and W. Soren Kreider IV. Partner Michael Mollerus is providing tax advice. Partner Jeffrey P. Crandall is providing executive compensation advice. All members of the Davis Polk team are based in the New York office.

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