Oak Hill Capital and Pamlico Capital Invest in IdeaTek Telcom and Socket Telecom to Build Midwest Fiber Platform
July 8, 2025
Oak Hill Capital and Pamlico Capital have made a strategic investment in IdeaTek Telcom and Socket Telecom, combining the two regional fiber internet providers to create a scaled Midwest fiber internet service provider. TPG Peppertree will sell its existing stake while reinvesting alongside the two firms; the combined company will expand fiber networks across Kansas and Missouri with a goal to pass over 500,000 homes in the Midwest by 2028.
- Buyers
- Oak Hill Capital, Pamlico Capital, TPG Peppertree
- Targets
- IdeaTek Telcom, Socket Telecom
- Sellers
- TPG Peppertree
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Buyout
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