Omni Fiber Merges with Lit Fiber to Accelerate FTTH Expansion

Oak Hill Capital Backs Omni Fiber with $250M to Expand Midwest Fiber Broadband

July 22, 2022

Telecommunications

Oak Hill Capital committed $250 million from its Oak Hill Capital Partners VI fund as the majority investor in newly formed Omni Fiber to accelerate construction of 100% fiber-to-the-premises networks serving small and mid-sized markets in the U.S. Midwest. Omni Fiber, an Ohio-based FTTP internet service provider led by CEO Darrick Zucco, will offer up to 2 Gbps symmetrical service with no data caps and initial projects in Ohio, Pennsylvania and Michigan targeting underserved communities.

Oak Hill Capital Makes Majority Investment in Lit Communities to Accelerate Fiber Expansion

May 4, 2023

Telecommunications

Oak Hill Capital committed $150 million in primary capital for a majority investment in Lit Communities to fund expansion of Lit's fiber-to-the-home networks in unserved and underserved U.S. communities. Existing shareholders including Stephens Capital Partners, The Pritzker Organization and Lit management remain shareholders; the funding will support construction to reach more than 200,000 locations over the next few years.

Omni Fiber Acquires Ohio Telecom, Inc.

November 30, 2022

Telecommunications

Omni Fiber completed the acquisition of Port Clinton–based Ohio Telecom, Inc. on November 30, 2022 to accelerate its FTTP expansion across Northern Ohio. The deal brings Ohio Telecom employees and customers into Omni Fiber, enables upgrades to Omni's 100% fiber network (up to 2 Gbps) in existing and adjacent markets, and positions Omni to speed planned construction in Sandusky, Perkins Township and Fremont.

Stephens Capital Partners and The Pritzker Organization Invest in Lit Communities

March 1, 2021

Telecommunications

Stephens Capital Partners and The Pritzker Organization have completed an investment in Lit Communities to support deployment of fiber‑optic broadband networks nationwide. The capital will fund immediate construction of Lit’s Medina Fiber subsidiary project in Medina County, Ohio and accelerate Lit’s municipal partnership model and future market expansion.

Oak Hill Capital Invests in NetSpeed LLC to Accelerate Northeast Fiber Deployment

January 21, 2021

Telecommunications

Oak Hill Capital has formed a partnership with NetSpeed LLC to provide capital and support to accelerate NetSpeed's expansion of fiber-to-the-premises networks across the Northeastern United States. NetSpeed's founder Frank Chiaino and management remain significant investors in the business while Oak Hill will contribute operational and financial expertise to scale deployments.

Oak Hill Capital Partners with Race Communications to Accelerate California Fiber Expansion

November 4, 2020

Telecommunications

Oak Hill Capital has entered into a definitive agreement to form a partnership with Race Communications, a family-owned fiber-to-the-premises operator, to accelerate expansion of Race’s fiber network across California. The deal (subject to customary regulatory approvals) will support Race’s plans to extend high-speed fiber-to-the-home services to additional unserved and underserved communities while Race’s management team remains in place.