Horizon Acquires Consolidated Cooperative's Commercial Fiber Business

Horizon Acquires Infinity Fiber, LLC

March 2, 2021

Telecommunications

Horizon (a Novacap-backed, Columbus, Ohio-based fiber operator) has acquired Infinity Fiber, LLC, adding roughly 450 route miles and expanding Horizon's footprint into Indiana. The deal augments Horizon's existing fiber infrastructure to provide direct connectivity between Chicago, South Bend and Indianapolis and to multiple Indiana data centers for carrier and enterprise customers.

Shenandoah Telecommunications Company Acquires Horizon Telcom

April 1, 2024

Telecommunications

Shenandoah Telecommunications Company (Shentel) acquired 100% of Horizon Telcom for $385 million ($305M cash and $80M in Shentel stock), a transaction announced Oct. 24, 2023 and completed April 1, 2024. The deal, which represented an exit for Novacap and included GCM Grosvenor exchanging its Horizon equity for Shentel shares, expands Shentel's commercial fiber footprint into Ohio and accelerates its Glo Fiber FTTH expansion.

Searchlight Capital and BCI to Acquire Consolidated Communications for $3.1 Billion

November 20, 2024

Telecommunications

Affiliates of private equity firm Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) will acquire Consolidated Communications Holdings, Inc. in an all-cash transaction valuing the company at approximately $3.1 billion including assumed debt. The deal, which was approved by the Vermont Public Utility Commission and previously by Consolidated shareholders, will take the Mattoon, Illinois–based fiber and landline provider private to provide greater flexibility to execute its fiber expansion strategy, subject to remaining federal approvals.

Omni Fiber Acquires Ohio Telecom, Inc.

November 30, 2022

Telecommunications

Omni Fiber completed the acquisition of Port Clinton–based Ohio Telecom, Inc. on November 30, 2022 to accelerate its FTTP expansion across Northern Ohio. The deal brings Ohio Telecom employees and customers into Omni Fiber, enables upgrades to Omni's 100% fiber network (up to 2 Gbps) in existing and adjacent markets, and positions Omni to speed planned construction in Sandusky, Perkins Township and Fremont.

Highline Acquires Fiber Assets and ISP Business from 906 Technologies, LLC

January 7, 2025

Telecommunications

Highline has acquired the fiber assets and ISP business of 906 Technologies, LLC, including internet customers and outside plant & construction employees in Marquette County, Michigan. The deal expands Highline's FTTP footprint across Michigan's Upper Peninsula and transfers ISP operations to Highline while allowing 906 Technologies to focus on its network and technology service clients.

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.