Tracked deals
473
473 tracked deals across 2005-2026.
Tracked deals
473
473 tracked deals across 2005-2026.
Buyer mix
Mixed buyer set
465 pe · 253 strategic
Top trend
Volume peaked in 2021
95 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Grain Management, LLC | 18 | Investment firm specializing in broadband and digital inf... | PE |
| Oak Hill Capital | 13 | Middle-market private equity firm focused on investments ... | PE |
| M/C Partners | 12 | Private equity firm focused on communications, digital in... | PE |
| Wireless Logic | 11 | Global IoT connectivity platform and managed-services pro... | Strategic (PE-backed) |
| LDC | 9 | Mid-market private equity firm (part of Lloyds Banking Gr... | PE |
| Equistone Partners Europe | 7 | European mid-market private equity firm; completed the ma... | PE |
| GI Partners | 7 | Private investment firm focused on private equity, real e... | PE |
| SDC Capital Partners, LLC | 7 | Specialized private investment firm focused on digital in... | PE |
| Cinven | 6 | Leading international private equity firm investing acros... | PE |
| Crestview Partners | 6 | Value-oriented private equity firm focused on middle-mark... | PE |
Last 10 years
Supporting Data
Tactacam, a provider of cellular-connected cameras for outdoor and security markets, completed its sale to GTCR. GTCR acquired the company from Bertram Capital and the company’s founders, with CEO and co-founder Jeff Peel continuing to lead Tactacam and retain significant ownership alongside co-founder Ben Thorud.
Alternative investment manager Palliser Capital increased its stake in WUS Printed Circuit Co., Ltd. (WUS Taiwan) to over 5% following months of engagement with the company’s management. The announcement frames the move as part of value-enhancement efforts, including improving investor relations, optimizing capital structure, and accelerating an AI PCB-driven turnaround by leveraging synergies with WUS Kunshan.
La Caisse invested approximately INR 121 billion (CAD 1.76 billion) to acquire a 24% stake in Altius Telecom Infrastructure Trust (Altius), India’s largest independent telecom tower platform. The deal is described as complete, with Brookfield remaining Altius’ largest investor alongside La Caisse and existing institutional shareholders.
CVC DIF, through its portfolio company Aurora Towers, has agreed to acquire American Tower Corporation’s Canadian wireless telecommunications tower business. The transaction covers 255 wireless communication sites across Canada and is expected to expand Aurora’s portfolio to more than 650 sites, subject to regulatory approvals and expected to close in Q4 2026.
Astrum Space Inc and SPAC Black Spade Acquisition III Co (BIII) entered into a business combination agreement, valuing Astrum at about $1 billion equity value. The combined company, expected to be renamed Astrum Space Company, will list its ordinary shares on the NYSE, with closing expected by the end of 2026 subject to approvals and customary conditions.
KCA Partners, a Korea-based private equity firm, has signed a definitive share purchase agreement to acquire 100% of SK TNS for an estimated 300 billion to 400 billion won. The deal follows Alchemist Capital Partners Korea’s process to sell its stake in SK TNS, managed by Samil PwC.
Eaton Fiber entered into a definitive agreement to acquire Ripple Fiber, a fiber-optic internet provider and network operator headquartered in Charlotte, North Carolina. The acquisition, funded by the announced $1.5 billion investment in Eaton Fiber, was completed on October 13, 2026.
Bain Capital and Tillman Global Holdings announced a $1.5 billion investment in Eaton Fiber to support its fiber-network expansion and fully fund its acquisition of Ripple Fiber. The investment was completed on October 13, 2026, alongside the Ripple Fiber acquisition.
Grain Management completed the previously announced strategic combination of Ritter Communications and Great Plains Communications to create Rightfiber, a privately held fiber broadband platform spanning 20 states. The merged company will continue investing in fiber expansion and enter a $1.6 billion credit facility led by Fifth Third Bank to fund organic growth and potential M&A.
Greystar Infrastructure announced an equity recapitalization of Zentro Internet, the largest private multifamily-focused internet service provider in the United States. The investment, with participation from StepStone Group and other institutional partners, is intended to strengthen Zentro’s balance sheet and fund accelerated national and geographic expansion while maintaining Zentro’s local service quality. M|C Partners will maintain a strategic position in Zentro’s ownership.
Omni Fiber acquired Citizens Fiber, a 100% fiber-optic Internet, TV, and phone provider serving communities in Westmoreland County, Pennsylvania. The deal expands Omni Fiber’s footprint in western Pennsylvania and supports its goal of bringing 100% fiber-optic broadband to underserved communities.
Mexican investment firm Ascenda Capital Partners acquired Vialterna in January 2026. The deal follows an M&A process supported by Corum’s “hiatus program,” after which Ascenda submitted an improved monetary and tax-structured offer.
T-Mobile signed definitive agreements for two 50/50 fiber joint ventures to expand its home broadband reach. One partnership with Oak Hill Capital will combine GoNetspeed and Greenlight Networks, while the other with Wren House will acquire i3 Broadband; both are expected to close in 2026/2027 subject to regulatory approvals and customary conditions.
OXIO Inc. and Newfoundland Capital Management led a U.S.-investor consortium that agreed to acquire Movistar Mexico from Telefónica S.A. The transaction is designed to transition Movistar Mexico into a cloud-native, digitally driven next-generation telecom operator using OXIO’s Telecom-as-a-Service (TaaS) platform, while Movistar Mexico continues operating under the Movistar brand and its existing leadership team.
Westnet LLC acquired Low Voltage Installations, Inc. to expand its end-to-end fire station alerting and public safety communication offerings. The deal combines Westnet’s technology platform with LVI’s 26+ years of design, installation, and support expertise—particularly strengthening Westnet’s presence and service capabilities in Colorado.
Wireless Logic has acquired Comms365, a UK-based IoT connectivity and managed-network specialist, to broaden its connectivity and IoT service capabilities and strengthen its footprint in the UK market. Comms365 will continue to operate as a standalone business with leadership changes including John Whitty becoming CEO and co-founder Mike van Bunnens stepping away after a handover.
InfraVia, Liberty Global and Telefónica, through their existing joint venture nexfibre, have agreed to acquire Substantial Group (Netomnia), the UK’s second-largest alternative fibre provider. The deal is expected to unlock £3.5 billion of investment in the UK and create a scaled wholesale fibre challenger to BT Openreach, with completion expected by Q3 2026 subject to regulatory approvals.
Truespeed Communications and Freedom Fibre have merged to create the Freedom Truespeed Group, a scaled, capital-efficient full-fibre platform across the United Kingdom. The combined business will serve more than 412,000 premises ready for service and around 70,000 customers, pairing Freedom Fibre’s wholesale open-access network with Truespeed’s retail capability.
Ezee Fiber, backed by I Squared, acquired DayNet’s fiber optic assets and network in Dayton, Texas. The transaction expands Ezee Fiber’s reach in the region and adds to its growing fiber footprint.
Circumference Group, an operationally focused investment firm, acquired a majority stake in Broadband Development Group (BDG), a Little Rock-based provider of fiber-based commercial broadband and managed Wi-Fi solutions for the multifamily (MDU) market. The investment is intended to support BDG’s continued expansion across high-growth markets in the Southeastern United States and Texas, accelerating growth of its wholesale business model.
Netmore Group has acquired Paris-based Actility, including its Abeeway subsidiary, combining Netmore's carrier-grade LoRaWAN network operations with Actility's ThingPark platform and geolocation products. The deal creates a unified global LoRaWAN ecosystem with over 14 million contracted IoT devices and expands Netmore's reach across utilities, buildings, smart cities, industrial and asset-tracking markets.
Broadtree Partners portfolio company Triage Partners has acquired Benton Technical Services and J. Carlson Services, two turnkey telecommunications services providers specializing in fiber/FTTH and OSP construction. The add-on acquisitions expand Triage's fiber buildout, installation, splicing, and repair capabilities and position the combined business to offer full turnkey solutions to telecom operators, electric cooperatives, and broadband providers across the United States.
Phoenix Tower International (PTI) has closed the acquisition of Infracos, the joint venture owned by Bouygues Telecom and SFR that manages approximately 3,700 wireless sites across France. The deal expands PTI's French footprint to nearly 10,000 sites and increases its global portfolio to more than 33,000 towers; Bouygues Telecom and SFR were the selling parties.
Ara Partners has acquired a majority-controlling stake in Centric Fiber to accelerate the company's fiber-to-the-home (FTTH) expansion across the southern United States. The private investment firm will deploy capital through its Ara Infrastructure platform to grow Centric Fiber's project pipeline and backlog; terms were not disclosed.
CVC DIF, the infrastructure strategy of CVC, together with Jersey Telecom (JT) will acquire Manx Telecom Group, the integrated incumbent digital-infrastructure telecom platform on the Isle of Man, from funds managed by Basalt Infrastructure Partners. The investment will be made through DIF Infrastructure VIII and is expected to close in Q4 2025, subject to customary closing conditions.
TAK Broadband has acquired Gulbranson Services, Inc. (GSI), a Victorville, California-based telecommunications contractor that provides drop bury, maintenance and fiber-to-the-home construction services, from founder Bob DeLaHoussaye. The deal is an accretive tuck-in to TAK (which is PE-backed by Platinum Equity) to strengthen TAK's Southern California presence and expand its FTTH construction and maintenance capabilities.
ECI Partners has exited CSL, the UK-based critical IoT connectivity specialist, into an ECI-managed continuation fund led by existing ECI investors Carlyle AlpInvest, HarbourVest Partners and Pantheon, generating a 3.5x return on ECI’s investment. CSL grew c.20% organically during ECI’s ownership, has launched products such as rSIM, and will continue its expansion strategy (including M&A) under the continuation vehicle.
Northrim Horizon, a Mesa, Arizona-based permanent capital investment firm, has acquired ACG Systems, a Maryland-based systems integrator and technical service provider for mission-critical wireless communication systems. Northrim named Thomas Montalbano as CEO and said ACG will serve as a platform for additional organic growth and acquisitions in the wireless communication services industry.
Ezee Fiber, a Houston-based fiber internet provider wholly owned by I Squared Capital, closed its previously announced agreement to acquire Tachus Fiber Internet. The deal expands Ezee Fiber’s all-fiber footprint deeper into the northern communities of Greater Houston, with expectations to grow to more than 600,000 fiber passings by year-end.
Becklar, a Graham Partners portfolio company, has acquired Dynamark Monitoring, a wholesale alarm and critical event monitoring provider headquartered in Hagerstown, Maryland. The add-on expands Becklar's monitoring footprint and capabilities on the U.S. East Coast, bringing approximately 145,000 end subscribers and additional dealer relationships into Becklar's platform.
Metronet announced it has acquired US Internet (USI), a pure-play fiber company providing residential and commercial internet services in the greater Minneapolis area. The deal extends Metronet’s footprint in Minnesota, with USI’s 100% fiber network accessible to more than 140,000 homes and businesses. Terms were not disclosed.
Koch Equity Development (KED), the principal investment and acquisition arm of Koch, has acquired GCH Technologies, a developer of advanced wireless messaging and telecommunications infrastructure solutions. GCH will become the strategic provider for Common Short Code Registry Services beginning January 1, 2026 and will work with CTIA to accelerate infrastructure upgrades and next-generation messaging capabilities such as RCS Rich Business Messaging.
M/C Partners has combined regional multifamily ISPs Zentro and BAI Connect into a single company operating under the Zentro brand. The merged business creates a scaled, near-national MDU-focused ISP serving over 100,000 residents and 2,000+ properties, expanding geographic coverage and accelerating rollout of multi-gig and managed Wi‑Fi services.
Wireless Logic has completed the acquisition of Zipit Wireless, a South Carolina–headquartered provider of multi-carrier IoT connectivity and subscription billing solutions. The deal expands Wireless Logic’s North American presence and adds advanced subscription-billing and multi-tier connectivity capabilities to its global IoT offering.
Onecom Group, the LDC‑backed UK business communications and cloud specialist, has acquired Gradwell Communications, a cloud communications provider with offices in Bath and Leeds. The acquisition expands Onecom's hosted voice, SIP and unified communications capabilities, adds geographic reach and an established customer base as part of Onecom's ongoing roll-up strategy.
A fund managed by Blue Owl Capital's Digital Infrastructure strategy has acquired South Reach Networks (operating as Intermetro Fiber), a Florida-based fiber and colocation provider. Blue Owl plans significant investment to expand SRN's 370-mile fiber network and edge colocation footprint across Florida to meet growing hyperscale and enterprise connectivity demand; Turning Rock Partners sold the business.
Airalo, the world’s largest eSIM provider, raised $220 million in a growth round led by CVC (via CVC Asia Fund VI) with participation from Peak XV and Antler Elevate, valuing the company at over $1 billion. The capital will be used to scale Airalo’s consumer app, expand unlimited and enterprise data offerings, and accelerate its enterprise/white-label connectivity platform.
FBR Solutions, a national telecommunications infrastructure services provider backed by FVLCRUM Funds, has acquired RTS Associates to broaden its telecommunications design, engineering, and turnkey deployment capabilities. The acquisition adds RTS’s more than 250 North American professionals and strengthens FBR’s ability to deliver end-to-end network solutions across the United States.
HitecVision has acquired a 50% ownership stake in Altibox Carrier, a subsidiary carved out from Lyse, to create an independent Nordic platform for high-capacity fiber infrastructure serving data centers and cloud providers. The joint venture will remain headquartered in Stavanger and will focus on developing existing subsea and terrestrial routes, building new strategic routes, and pursuing acquisitions of smaller Nordic fiber operators to meet rising data-traffic demand.
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.
General Atlantic (via its BeyondNetZero fund) has agreed to take a minority stake in Wireless Logic, with existing majority owner Montagu reinvesting alongside the new investor. The investment values Wireless Logic at £3.5 billion, is expected to close in Q3 2025, and will support global geographic expansion, platform enhancement and an active M&A strategy.
Macquarie Asset Management (MAM) has agreed to acquire an additional 50% stake in TDC Group from PFA, PKA and ATP, which will result in Macquarie managing 100% of the capital in TDC Group. The move secures full ownership to continue investments in Denmark’s digital infrastructure—completing fibre rollout, accelerating 5G coverage and furthering IT/cloud transformation and sustainability initiatives across TDC NET and Nuuday.
Mereo Networks (rebranding to Mereo Fiber) acquired DISH Fiber Internet L.L.C. from DISH Network Corporation in a transaction that closed April 30, 2025. The deal—an add-on to the PE-backed Mereo platform—expands Mereo's bulk fiber footprint (adding ~25,000 residential units) and extends its geographic reach across key Sun Belt, Mountain West and Great Lakes markets.
NOVA Infrastructure has completed a majority investment in DartPoints, providing a significant growth capital commitment to scale the company's data center platform and pursue capacity expansion and strategic M&A. Orion Infrastructure Capital joined as a lender and minority equity investor, while existing sponsor Astra Capital Management retains a meaningful minority stake; NOVA and OIC committed more than $250 million of capital and DartPoints acquired the underlying real estate for three of its facilities.
Call.com has acquired London-based VoIP pioneer Vyke Holding Limited in a deal funded by over $7 million from Norwegian investment firm Centennial AS (owned by Endre Røsjø). The acquisition brings Vyke's decades of VoIP experience and virtual mobile-number capabilities to Call.com's platform, helping grow Call.com's user base to more than 500,000 (including over 250,000 paying customers).
Lynx Equity Limited has acquired The MNM Group Inc., a Willow Grove, Pennsylvania-based provider of low-voltage cabling, wireless infrastructure, DAS and EV charging installation services and custom cable assemblies. The acquisition expands Lynx's portfolio into national telecommunications and electrical network services, leveraging MNM's design & build and manufacturing capabilities across the U.S. and Canada.
TXO, a PE-backed global technology lifecycle services platform, has acquired the AirWay Group to expand its North American presence and broaden lifecycle management, staging, logistics, and network engineering capabilities. AirWay — which operates an R2/ISO-certified facility in Hebron, Kentucky and serves more than 250 telecom and broadband customers worldwide — will operate under the AirWay name while integrating with TXO's global platform.
New York-based private equity firm Seaport Capital has made a growth equity investment in FMC GlobalSat, a Fort Lauderdale–headquartered Starlink Authorized Reseller and provider of satellite and wireless connectivity solutions. The capital will support FMC’s continued rapid growth, expansion and market consolidation (including strategic acquisitions such as the Maritime, Energy & Government division acquired from Anuvu).
fifteenfortyseven Critical Systems Realty (1547) and Harrison Street have acquired DRFortress, Hawaii's largest carrier-neutral data center, from GI Partners. The deal brings DRFortress into 1547's connectivity-focused platform to expand interconnection, cloud access, and digital infrastructure reach across Hawaii and the broader Pacific region while keeping the existing leadership team in place.
JSI, a portfolio company of Stone-Goff Partners, has acquired LogicomUSA, a provider of voice, network, hosted VoIP and 24/7 contact center services for broadband providers and electric cooperatives. The add-on expands JSI’s network engineering and managed services capabilities by integrating Logicom’s contact center platform and BYOA offering to deliver end-to-end solutions to broadband operators nationwide.
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