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

Vero Fiber and MontanaSky Complete/Unite to Form a Northwest Montana Fiber Broadband Provider

August 18, 2026

Telecommunications

Vero Broadband, doing business as Vero Fiber, entered into a definitive agreement with Montana Sky Networks (MontanaSky) to merge the two fiber broadband providers. The merger was later officially completed, creating a single locally operated provider focused on expanding fiber-to-the-premises connectivity across Northwest Montana.

Mereo Fiber Completes Acquisitions of Data Stream Incorporated and Xcelerate Networks

March 16, 2026

Infrastructure

Mereo Fiber, a provider of bulk connectivity solutions for multifamily communities, completed two acquisitions to expand its national platform: Data Stream Incorporated and Xcelerate Networks. The deals add more than 100 properties to Mereo Fiber’s portfolio and expand geographic density, with both acquired companies transitioning to operate under the Mereo Fiber brand.

Cable One to Acquire Remaining 55% of Mega Broadband Investments

January 5, 2026

Telecommunications

Cable One entered into a definitive agreement to acquire the 55% of Mega Broadband Investments Holdings LLC (MBI) it does not already own, giving it full ownership of the broadband provider. The acquisition was subject to customary closing conditions and was later temporarily restrained by a court order, so it remained pending in the later update. Cable One cited MBI’s complementary markets, a larger and more geographically diversified footprint, and opportunities to improve efficiency through scale.

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.