Tahoe Network Infrastructure Acquires E-Vergent
January 30, 2023
Tahoe Network Infrastructure LLC, a Spokane-based fiber optic broadband investment company, acquired Wisconsin-based regional fiber and fixed wireless provider E-Vergent for $11.2 million. The deal was financed with $6.5 million of senior debt (arranged by Concentra Capital Group), a seller note and equity; Tahoe plans to invest an additional $10 million to expand E-Vergent's regional footprint and increase customer penetration.
- Buyers
- Tahoe Network Infrastructure LLC
- Targets
- E-Vergent
- Sellers
- Joe Falaschi (former owner)
- Industry
- Telecommunications
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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