Zayo Group Holdings, Inc. (NYSE:ZAYO) entered into an agreement to acquire substantially all assets from Neutral Path Communications, LLC for $31.5 million on January 29, 2018. The acquisition also includes substantially all assets of Near North Partners, LLC, wholly owned subsidiary of Neutral Path Communications. As per the terms of agreement, consideration of $31.5 million is subject to net working capital and other customary adjustments, as well as a contingent payment based on sales performance through June 30, 2018. Acquisition is subject to regulatory approvals and customary closing conditions. The transaction is expected to close in the second calendar quarter of 2018. As of February 7, 2018, the transaction is expected to in June 2018. Post-acquisition, Zayo expects to achieve $0.6 million in annualized cost synergies within four quarters of the acquisition closing date. Steven Talley from Gibson, Dunn & Crutcher LLP acted as the legal advisors for Zayo Group Holdings, Inc.