Highway 89 Ventures (Mereo Networks) Acquires Four Regional Bulk-Internet Operators

Mereo Networks Acquires DISH Fiber and Rebrands as Mereo Fiber

April 30, 2025

Telecommunications

Mereo Networks (rebranding to Mereo Fiber) acquired DISH Fiber Internet L.L.C. from DISH Network Corporation in a transaction that closed April 30, 2025. The deal—an add-on to the PE-backed Mereo platform—expands Mereo's bulk fiber footprint (adding ~25,000 residential units) and extends its geographic reach across key Sun Belt, Mountain West and Great Lakes markets.

Northleaf Capital Partners Acquires Controlling Interest in Mercury Broadband

November 8, 2022

Telecommunications

Northleaf Capital Partners has acquired a controlling interest in Mercury Broadband and will invest up to $230 million to accelerate Mercury's deployment of high-speed fiber and fixed wireless broadband across underserved rural markets in the U.S. Midwest. The capital will support construction of more than 12,000 miles of outside plant and hundreds of fixed wireless access sites across select markets in Kansas, Indiana, Missouri, Michigan, Ohio and Illinois.

AerioConnect Acquires Metro Fiber

December 17, 2020

Telecommunications

AerioConnect, backed by private equity firm M/C Partners, has acquired Metro Fiber LLC, a Los Angeles–based internet service provider serving multi-family residential (HOA) communities. The acquisition, which closed after M/C Partners' September 30, 2020 investment in Aerio, expands Aerio's customer base and depth in the greater Los Angeles broadband market.

Visionary Broadband Acquires Mountain Broadband

January 15, 2025

Telecommunications

Visionary Broadband has acquired Mountain Broadband to expand high-speed internet service across rural southwestern Colorado. Visionary will retain the Mountain Broadband team, roll out Gigabit fiber in the acquired footprint, and continue expanding into surrounding areas to improve connectivity for underserved communities.

M/C Partners Acquires Bel Air Internet to Expand AerioConnect Platform in Southern California

December 21, 2020

Telecommunications

M/C Partners, a Boston-based private equity firm, has acquired Bel Air Internet, LLC (BAI) and will combine it with AerioConnect and Metro Fiber to form a larger regional ISP serving the greater Los Angeles market. Bel Air Internet provides internet, voice and video services to over 800 multi-family and commercial buildings in Los Angeles; the deal is an add-on to expand the AerioConnect platform and accelerate MDU broadband growth in Southern California.

Vero Fiber Acquires BendTel, Inc.

December 1, 2025

Telecommunications

Vero Broadband (operating as Vero Fiber) has completed the acquisition of BendTel, Inc. following final FCC approval, closing on December 1, 2025. The deal brings BendTel's staff, fiber infrastructure, and commercial customer base into Vero to accelerate residential Fiber-to-the-Home expansion across Bend and broader Central Oregon.