GI Partners Acquires Vast Broadband

GI Partners Acquires Rise Broadband

January 2, 2023

Telecommunications

GI Partners has completed the acquisition of Rise Broadband, a leading fixed wireless and fiber-to-the-home broadband provider serving primarily rural communities across 16 states. GI Partners is committing new capital to accelerate Rise Broadband's rollout of fiber-to-the-home services and improve customer experience under the existing Rise management team.

Vast Broadband Acquires NTS Communications

January 9, 2019

Telecommunications

Vast Broadband has acquired NTS Communications from private equity owner Tower Three Partners, adding NTS's fiber network in Texas and Louisiana to Vast's footprint. Oak Hill Capital Partners and Pamlico Capital led a recapitalization of Vast to support accelerated growth and will provide financial backing following the transaction.

Visionary Broadband Acquires Mountain Broadband

January 15, 2025

Telecommunications

Visionary Broadband has acquired Mountain Broadband to expand high-speed internet service across rural southwestern Colorado. Visionary will retain the Mountain Broadband team, roll out Gigabit fiber in the acquired footprint, and continue expanding into surrounding areas to improve connectivity for underserved communities.

GI Partners Acquires Majority Interest in Blue Stream Fiber

June 2, 2020

Telecommunications

GI Partners acquired a majority interest in Blue Stream Fiber from Twin Point Capital, partnering with Blue Stream CEO Joe Canavan. The investment will support Blue Stream’s growth across Florida and strengthen its fiber broadband and customer service capabilities.

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.