ResortNet Acquires Assets of Broadband MDU

American Broadband Acquires Fiber Assets of BNT Broadband and WayneNet

September 29, 2021

Telecommunications

American Broadband Holding Company, a PE-backed rural broadband operator, acquired the fiber assets of BNT Broadband and WayneNet to expand its fiber-to-the-home build-out in Wayne, Nebraska. The transaction supports American Broadband's geographic expansion of its 1GB-capable fiber backbone and was announced alongside leadership appointments to support growth.

Rise Broadband Acquires MidAtlantic Broadband's Yondoo Missouri Fiber Assets

November 4, 2024

Telecommunications

Rise Broadband has acquired MidAtlantic Broadband's Missouri fiber-to-the-home broadband business operating under the Yondoo Broadband brand, adding almost 10,000 residential and commercial locations across eight eastern Missouri markets. The deal expands Rise Broadband's footprint into Missouri and is supported by its PE backer GI Partners, which noted the transaction furthers the company's geographic expansion and network growth.

Grain Management Acquires Majority Interest in Summit Broadband from Cable Bahamas Ltd.

January 22, 2020

Telecommunications

Washington, D.C.-based private equity firm Grain Management, LLC acquired a majority interest in Summit Vista, Inc. (dba Summit Broadband) from Cable Bahamas Ltd. Summit Broadband is a fiber-optic telecommunications provider serving residential, business and carrier customers across central and southwest Florida. The deal closed in January 2020 after being announced in August 2019; financial terms were not disclosed.

Boston Omaha Corporation Acquires Assets of Utah Broadband, LLC

December 17, 2020

Telecommunications

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.

Bain Capital Credit Acquires Majority Stake in Surf Broadband Solutions

June 15, 2021

Telecommunications

Bain Capital Credit will acquire a majority stake in Surf Broadband Solutions and commit significant growth capital to accelerate the company’s fiber-to-the-premises (FTTP) network expansion across the Great Lakes region. Post Road Group will remain an investor alongside Bain; the company will continue to be led by its current management team and the deal is expected to close in Q3 2021 subject to customary approvals.

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

January 19, 2022

Telecommunications

Highway 89 Ventures, operating under the Mereo Networks brand and backed by an investment from Freedom 3 Capital, acquired four regional operating companies — Broadband Holdings, Digital Home Lifestyles, Mereo Networks and Vicidiem — to create a single-source bulk fiber internet solution for multi-family developers. The combined business now serves more than 400 properties and about 40,000 subscribers across 18 states, positioning the platform as one of the largest bulk internet providers in the Western United States.