Telecommunications Acquisitions in South Dakota

Platinum Equity has made a significant investment in TAK Communications, a Sioux Falls-based provider of fiber and broadband network services. The investment will partner Platinum with TAK's current shareholders and management (who retain a significant ownership stake) to support national expansion, operational scaling and potential add-on M&A.

GI Partners, in partnership with industry veteran Rich Fish, has signed an agreement to acquire Vast Broadband, a Sioux Falls-based provider of gigabit broadband, video and phone services. Vast, currently owned by Pamlico Capital and Oak Hill Capital and serving over 60,000 residential and business customers across South Dakota and Minnesota, will be led by Rich Fish as incoming CEO with GI Partners investing from its Data Infrastructure Fund; the transaction remains subject to customary closing conditions and regulatory approvals.