Boston Omaha Corporation Acquires Assets of Utah Broadband, LLC

December 17, 2020

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.

Buyers
Boston Omaha Corporation, FIF Utah LLC
Targets
Utah Broadband, LLC
Sellers
Utah Broadband, LLC, Members of Utah Broadband (including Steve McGhie)
Location
Utah, United States
Transaction Type
Buyout

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