Oak Hill Capital Acquires Otelco Inc.

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 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.

Oak Hill Capital and Pamlico Capital Invest in IdeaTek Telcom and Socket Telecom to Build Midwest Fiber Platform

July 8, 2025

Telecommunications

Oak Hill Capital and Pamlico Capital have made a strategic investment in IdeaTek Telcom and Socket Telecom, combining the two regional fiber internet providers to create a scaled Midwest fiber internet service provider. TPG Peppertree will sell its existing stake while reinvesting alongside the two firms; the combined company will expand fiber networks across Kansas and Missouri with a goal to pass over 500,000 homes in the Midwest by 2028.

Oak Hill Capital Acquires Majority Stake in Wire 3

January 4, 2024

Telecommunications

Oak Hill Capital has acquired Wire 3 from Guggenheim Investments and committed up to $250 million to accelerate the fiber-to-the-home expansion across underserved communities in Florida. Wire 3’s management will remain shareholders and continue to lead the business as Oak Hill supports the company’s network buildout and customer growth.

Oak Hill Capital Acquires Controlling Interest in Greenlight Networks

March 7, 2022

Telecommunications

Oak Hill Capital will acquire a controlling interest in Greenlight Networks through its Oak Hill Capital Partners VI fund and plans to invest up to $300 million to accelerate the fiber-to-the-home expansion across New York and beyond. Greenlight currently serves approximately 80,000 homes, employs about 160 people, and the transaction is expected to close pending New York State Public Service Commission approval.

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.