Oak Hill Capital Acquires Hunter Communications

Hunter Communications Acquires McMinnville Access Company (OnlineNW and XS Media)

January 5, 2022

Telecommunications

Hunter Communications, a Grain Management–backed fiber-optic ISP based in Oregon, has acquired McMinnville Access Company LLC, the parent of OnlineNW and XS Media. The add-on expands Hunter's footprint and product offerings across the Willamette Valley and increases its Oregon workforce by about 30 percent to more than 180 employees.

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.

Hunter Communications (Grain Management-backed) Acquires Origin Networks LLC (InfoStructure)

October 3, 2023

Telecommunications

Hunter Communications, a Grain Management-backed fiber-optic provider based in Medford, Oregon, has acquired Origin Networks LLC, the parent company of InfoStructure. The deal expands Hunter's regional footprint and technical capabilities for delivering business internet, voice and cloud services across Oregon.

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.

Oak Hill Capital Backs Omni Fiber with $250M to Expand Midwest Fiber Broadband

July 22, 2022

Telecommunications

Oak Hill Capital committed $250 million from its Oak Hill Capital Partners VI fund as the majority investor in newly formed Omni Fiber to accelerate construction of 100% fiber-to-the-premises networks serving small and mid-sized markets in the U.S. Midwest. Omni Fiber, an Ohio-based FTTP internet service provider led by CEO Darrick Zucco, will offer up to 2 Gbps symmetrical service with no data caps and initial projects in Ohio, Pennsylvania and Michigan targeting underserved communities.