Searchlight Capital and BCI to Acquire Consolidated Communications for $3.1 Billion

Searchlight Capital Partners and BCI Invest in Adams Outdoor Advertising

September 20, 2021

Media & Entertainment

Searchlight Capital Partners, in partnership with British Columbia Investment Management Corporation (BCI), signed a definitive agreement to make a strategic investment in Adams Outdoor Advertising. The capital will support Adams' expansion across local U.S. markets, development of new digital sites and technology-enabled advertising capabilities, and pursuit of strategic M&A.

Searchlight-Led Investor Group Acquires Frontier's Northwest Operations to Form Ziply Fiber

May 1, 2020

Telecommunications

A Searchlight Capital Partners-led investor group, together with WaveDivision Capital (WDC), PSP Investments, BCI and CPP Investments, completed the $1.352 billion acquisition of Frontier Communications' Northwest operations and assets and committed an additional $500 million for network and service improvements to form Ziply Fiber. The new company, headquartered in Kirkland, Washington, will focus on upgrading the region to predominantly all-fiber service for roughly 500,000 residential and business subscribers across Washington, Oregon, Idaho and Montana.

Business Communications, Inc. (BCI) Acquires Trustlink Technologies

May 2, 2025

Cybersecurity

Business Communications, Inc. (BCI) has acquired Trustlink Technologies, a Harrisburg, Pennsylvania-based cybersecurity services and Fortinet partner. The deal expands BCI's cybersecurity capabilities and East Coast footprint while adding Trustlink's network security engineering expertise and Fortinet specializations to BCI's platform.

Horizon Acquires Consolidated Cooperative's Commercial Fiber Business

August 31, 2021

Telecommunications

Horizon, a Columbus-based fiber-optic broadband provider, has acquired Consolidated Cooperative’s commercial fiber business, adding approximately 450 route miles of fiber and expanding Horizon’s Midwest footprint into Delaware, Marion and Richland counties. Consolidated Cooperative will retain its residential fiber internet services while Horizon will continue serving acquired commercial customers under existing contracts.

Searchlight Capital Partners and Simple Broadband Invest in All Points Broadband

July 6, 2021

Telecommunications

Searchlight Capital Partners, together with Simple Broadband LLC, made a strategic growth investment in All Points Broadband to accelerate the Virginia- and mid‑Atlantic-focused ISP's fiber-to-the-home and fixed wireless expansion. The capital will support All Points Broadband's initiative to scale rural FTTH buildouts through partnerships with electric utilities and local communities to bridge the digital divide.

Morrison & Co-Led Consortium Acquires FiberLight

June 30, 2022

Telecommunications

Funds managed by H.R.L. Morrison & Co, together with Australian Retirement Trust and a managed client of UBS Asset Management, signed a definitive agreement to acquire FiberLight, a U.S. fiber infrastructure provider, from Thermo Companies. The consortium will support FiberLight's network expansion across major U.S. markets to meet rising demand for high-bandwidth connectivity; terms were not disclosed and the deal is subject to customary closing conditions.