Omni Fiber Acquires Ohio Telecom, Inc.

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.

Omni Fiber Merges with Lit Fiber to Accelerate FTTH Expansion

November 20, 2024

Telecommunications

Omni Fiber and Lit Fiber have agreed to merge, consolidating Lit Fiber's Medina County, Ohio network into Omni Fiber to accelerate fiber-to-the-home expansion and speed market rollout. Both companies are majority-owned by Oak Hill Capital; existing Lit Fiber shareholders Stephens Capital Partners and The Pritzker Organization will remain minority investors and continue to support the business.

Oak Hill Capital Acquires Ontario & Trumansburg Telephone Companies

April 6, 2021

Telecommunications

Oak Hill Capital has acquired Ontario & Trumansburg Telephone Companies (OTTC) to expand OTTC’s Fiber-To-The-Home (FTTH) footprint across Upstate New York. The transaction positions OTTC — and its competitive division Upstate Fiber Networks (UFN) — for accelerated geographic expansion into underserved residential and business markets in the Finger Lakes region.

Boston Omaha Corporation Acquires Assets of Utah Broadband, LLC

December 17, 2020

Telecommunications

Boston Omaha Corporation, through its wholly owned subsidiary FIF Utah LLC, has agreed to acquire substantially all of the assets of Utah Broadband, LLC for $21.6 million in cash plus a 20% membership interest in FIF Utah issued to Utah Broadband's CEO Steve McGhie. The transaction (expected to close within ~30 days subject to customary conditions) will leave Mr. McGhie with a 20% ownership stake and gives Boston Omaha an 80% initial stake as it plans significant capital investment to expand fiber-to-the-home service across the region.

Boston Omaha Acquires InfoWest and Go Fiber to Expand Fiber Footprint in the West

April 4, 2022

Telecommunications

Boston Omaha Corporation, through its wholly owned subsidiary FIF St George, LLC, has completed the acquisition of the businesses operated by InfoWest, Inc. and Go Fiber LLC, two fiber and fixed wireless internet service providers based in St. George, Utah. The combined businesses serve over 20,000 customers across southern and central Utah, northern Arizona and Moapa Valley, Nevada; InfoWest and Go Fiber equityholders retain a 20% initial ownership stake in FIF St George as Boston Omaha commits additional capital to accelerate FTTH expansion.

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.