Cox Communications Acquires Remaining Interest in Unite Private Networks

Segra and Unite Private Networks Merge Brands Under Segra

November 20, 2024

Telecommunications

Segra and Unite Private Networks (UPN) have completed a planned brand merger and will operate under the Segra name, creating a larger fiber-focused connectivity provider. The combined company expands Segra's network and commercial technology solutions across the U.S.; Segra is a standalone fiber company owned by Cox Communications.

Cox Communications Acquires Segra's Commercial Services Business from EQT Infrastructure

April 27, 2021

Telecommunications

Cox Communications has acquired the commercial services business of Segra from EQT Infrastructure (EQT Infrastructure III fund), a divestiture that expands Cox's fiber footprint and enterprise/carrier offerings across the Mid-Atlantic and Southeast. EQT will retain Segra's residential and SMB operations (Lumos Networks and NorthState) and plans to accelerate FTTP buildout; Segra's commercial unit will operate as a stand-alone business within Cox with existing management retained.

UPSTACK Acquires Universal Telecommunications and Universal Solutions Providers

April 7, 2022

IT Services

UPSTACK acquired Universal Telecommunications Inc. and sister company Universal Solutions Providers LLC (together, "Universal, the Communications Company") to expand its internet infrastructure advisory and managed services capabilities. Universal's owner Mervyn Gervis will join UPSTACK as a Partner, and Universal's leadership will take senior roles within the combined organization; financial terms were not disclosed.

UPSTACK Acquires Global Communication Networks (GCN)

October 19, 2021

IT Services

UPSTACK has acquired Global Communication Networks, Inc. (GCN), a Florida-based IT channel advisory and connectivity integrator. GCN founder and CEO Chris Palermo will join UPSTACK as President and an equity stakeholder as UPSTACK (backed by a $50M investment from Berkshire Partners) integrates GCN's advisory capabilities to expand its cloud, data center, and connectivity offerings; terms were not disclosed.

nexfibre (with Virgin Media O2) Acquires Upp to Expand East of England Fibre Footprint

September 11, 2023

Telecommunications

nexfibre, in partnership with Virgin Media O2, has agreed to acquire fibre operator Upp. Virgin Media O2 will initially purchase and integrate Upp before nexfibre acquires Upp's network assets—adding approximately 175,000 premises in the East of England and accelerating regional fibre rollout.

UPSTACK Acquires Performance Networks

July 11, 2024

Telecommunications

UPSTACK has acquired Performance Networks, a Denver-area telecommunications consulting firm, with terms not disclosed. Performance Networks' founder Shawn Nus will join UPSTACK as a partner as the team is integrated into UPSTACK's digital infrastructure platform to expand advisory and telecom sourcing capabilities.