Cablefax The Magazine - July 2016 - 18
2016 Top Ops Awards
INDEPENDENT FINANCIAL EXECUTIVE OF THE YEAR
Wayne Schattenkerk
Wave Broadband
The numbers man for an operation
that's recently stepped up its B2B
power play in markets including Seattle
and Silicon Valley, Wave Broadband
CFO Wayne Schattenkerk has
written the playbook for successfully
integrating new acquisitions.
His secret? " First and foremost,
when we acquire a company our
main goal is not to screw up what
they've been doing, " Schattenkerk
deadpans. " We don't really change
anything on day one; we take the
time to let them operate as they've been operating before we acquired
them and understand how they've been successful to date. "
This approach guided Wave's purchase of traditional cable operators
-primarily acquisitions from Charter and other indies, he says-
and continues to shepherd its push into the commercial market
since 2012, when Schattenkerk led the purchase of dark fi ber
provider Black Rock. " We left that really separate for quite a while,
because it was different than what we'd historically done, " he says.
Since that time Schattenkerk and his team have crystallized Wave's
B2B strategy, focusing primarily on dark fi ber providers in the company's
footprint in California, Oregon and Washington.
Two recent deals illustrate the type of strategic growth he's mining
in both markets: The 2014 purchase of Layer 42, a colocation and
network connectivity provider in the San Francisco area " has been
successful for us primarily because it really bolstered our presence
from a commercial perspective in the Bay area, " Schattenkerk says.
" The co-lo is nice, but we were really after network connectivity and
the ability to get into data centers in the Bay area. "
Schattenkerk also led the 2013 deal to acquire hybrid commercial/
residential company Spectrum in Seattle. At the time of purchase,
80 percent of Spectrum's revenues came from the commercial
side, primarily connectivity between data centers, with the balance
yielding from residential 1 gig data offerings. " The commercial
18
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Cablefax The Magazine - July 2016
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Cablefax The Magazine - July 2016 - Cover2
Cablefax The Magazine - July 2016 - Contents
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