Morrison & Co-Led Consortium Acquires FiberLight

Lightpath to Acquire United Fiber & Data Assets

June 10, 2024

Telecommunications

Lightpath has signed a definitive agreement to acquire substantially all of the assets of United Fiber & Data; the deal is subject to regulatory approvals and expected to close in Q3 2024. The acquisition adds a geographically diverse, high-fiber-count 323-route mile long-haul network between New York City and Ashburn, VA, plus a 79-route mile metro network in NYC/NJ, expanding Lightpath's capacity into the Ashburn data center ecosystem and increasing Manhattan serviceable market by over 20%.

Antin Infrastructure Partners Acquires FirstLight from Oak Hill Capital

February 21, 2018

Telecommunications

Antin Infrastructure Partners has entered into an agreement to acquire FirstLight, a fiber-optic bandwidth infrastructure provider headquartered in Albany, New York, from Oak Hill Capital Partners IV. The acquisition, intended to accelerate FirstLight’s growth and enhance its service capabilities for enterprise and carrier customers across the Northeast, was expected to close in the second half of 2018; financial terms were not disclosed.

DC BLOX Acquires Southeastern Fiber Assets from Light Source Communications and Ascendant Capital

May 18, 2022

Telecommunications

DC BLOX has acquired Southeastern dark fiber assets from Light Source Communications and Ascendant Capital (Ascendant Fiber Capital), including a long-haul route under development from Myrtle Beach, South Carolina to Atlanta, Georgia. The transaction brings Light Source co-founders Debra Freitas and Pete Empie to DC BLOX to lead fiber development, and DC BLOX said Post Road Group, Bain Capital and Ascendant Capital Partners are providing financial support to accelerate deployment across the Southeast.

AT&T Acquires Lumen's Mass Markets Fiber Business for $5.75 Billion

February 3, 2026

Telecommunications

AT&T has completed the $5.75 billion all-cash acquisition of substantially all of Lumen Technologies' Mass Markets fiber business, adding more than 1 million fiber subscribers and expanding AT&T's fiber footprint across 32 states. The deal brings access to over 4 million customer locations and Lumen's fiber construction capabilities, supporting AT&T's goal of reaching more than 60 million fiber locations by 2030 and enabling deeper converged broadband and 5G customer relationships.

Searchlight Capital and BCI to Acquire Consolidated Communications for $3.1 Billion

November 20, 2024

Telecommunications

Affiliates of private equity firm Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) will acquire Consolidated Communications Holdings, Inc. in an all-cash transaction valuing the company at approximately $3.1 billion including assumed debt. The deal, which was approved by the Vermont Public Utility Commission and previously by Consolidated shareholders, will take the Mattoon, Illinois–based fiber and landline provider private to provide greater flexibility to execute its fiber expansion strategy, subject to remaining federal approvals.

Ara Partners Acquires Majority Stake in Centric Fiber

November 20, 2025

Telecommunications

Ara Partners has acquired a majority-controlling stake in Centric Fiber to accelerate the company's fiber-to-the-home (FTTH) expansion across the southern United States. The private investment firm will deploy capital through its Ara Infrastructure platform to grow Centric Fiber's project pipeline and backlog; terms were not disclosed.