Metronet Acquires US Internet

Everside and Lake Country Capital Invest in US Internet Corp

February 22, 2021

Telecommunications

Everside Capital Partners, together with Lake Country Capital and a group of institutional limited partners, provided an additional growth investment in US Internet Corp (USI) to support the company’s continued expansion of fiber-to-the-home and related hosting services. The founder-led management team will remain in place and retain majority ownership as the capital supports accelerated deployment across Minneapolis and adjacent Minnesota markets.

KKR and T‑Mobile JV Acquires Metronet from Oak Hill and Cinelli Family

July 24, 2024

Telecommunications

KKR and T‑Mobile have completed the acquisition of Metronet through a joint venture, buying the leading independent fiber-to-the-home (FTTH) operator from majority shareholders Oak Hill Capital and the Cinelli family. Metronet will operate as a wholesale network builder and commercial services provider while T‑Mobile Fiber takes responsibility for residential customers; Oak Hill and the Cinelli family will remain minority investors in the new JV. The transaction is intended to accelerate fiber deployment across underserved U.S. markets and leverage Metronet’s network engineering and build capabilities alongside T‑Mobile’s retail and customer experience capabilities.

KKR and Oak Hill Capital Make New Investments in MetroNet

April 21, 2021

Telecommunications

Funds managed by KKR will join long-time partner Oak Hill Capital and MetroNet management in making new equity investments in MetroNet to accelerate deployment of fiber-to-the-premise (FTTP) broadband. The capital will support MetroNet's continued expansion of its 100% fiber optic network into additional U.S. communities and growth of residential and business broadband services.

MetroNet Acquires Vexus Fiber

January 27, 2022

Telecommunications

MetroNet announced a merger with Lubbock-based Vexus Fiber, combining their fiber-to-the-home networks to accelerate FTTH expansion across Texas, New Mexico and Louisiana. The companies will continue to operate under their current brands and leadership teams; terms were not disclosed.

Hexatronic Group Acquires USNet to Strengthen US Data Center Presence

October 4, 2023

IT Services

Hexatronic Group AB (publ) has acquired USNet, a US-based data center installation and services provider headquartered in Arlington, Texas. The acquisition — financed with available cash — strengthens Hexatronic's US data center position by broadening service offerings and enabling cross-selling with its Data Center Systems business; USNet has 26 employees and approximately $10 million in annual revenue.

Virtual Guardian (ESI Technologies) Acquires AmeriNet, Inc.

February 12, 2025

Cybersecurity

Virtual Guardian, a division of ESI Technologies, has acquired AmeriNet, Inc., a networking and security solutions reseller based in Ann Arbor, Michigan. The transaction expands Virtual Guardian's regional presence and broadens its cybersecurity and networking services offering for AmeriNet's customers across North America.