Stratus Networks Acquires Illinois Fiber Resources Group (iFiber)
June 4, 2024
Stratus Networks, a Midwest business communications provider backed by private equity firm Novacap, has acquired Illinois Fiber Resources Group (iFiber) to expand its fiber network footprint across northwest Illinois. The deal strengthens Stratus's fiber-based data, voice and cloud services for local businesses and communities and is supported by Novacap as part of its digital infrastructure investment strategy.
- Buyers
- Stratus Networks, Novacap
- Targets
- Illinois Fiber Resources Group (iFiber)
- Platforms
- Stratus Networks
- Industry
- Telecommunications
- Location
- Illinois, United States
- Transaction Type
- Addon
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