Broadband M&A: PE Firm GI Companions Acquires Increase Broadband

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GI Companions, a leading private equity firm, has recently announced its acquisition of Increase Broadband, a company providing high-speed broadband for consumer and businesses.

Increase Broadband, founded in 2014, offers broadband and telecommunication services to customers in Ohio and Michigan. As part of the acquisition, GI Companions will consolidate Increase Broadband’s operations with its own portfolio companies, providing greater opportunities for expansion. The move is the latest in a string of investments from GI Partners in the broadband and telecommunications sectors, which includes investments in TowerCloud, Lumos Networks and others.

The acquisition of Increase Broadband is seen as a smart move by GI Partners. Increase Broadband’s existing customer base will provide GI Partners with a launchpad to add more products and offerings in its portfolio. This will enable GI Partners to expand its market reach in the Midwest and Southeast regions, while also giving it access to a larger customer base.

GI Partners is also looking to leverage Increase Broadband’s fiber-to-the-premises technology in order to strengthen its existing service offerings. The company is planning on using this technology to develop and deploy next-generation products and services that will meet the changing needs of consumers and businesses.

Overall, this acquisition is seen as a great opportunity for GI Partners to capitalize on Increase Broadband’s existing customer base and expand its operations. With this acquisition, GI Partners will be able to add new services, such as high-speed internet, VoIP and cloud-based services, to its portfolio. Moreover, the company will be able to take advantage of Increase Broadband’s current infrastructure to further expand its presence in the Midwest and Southeast regions.

Personal equity company GI Associates has obtained broadband companies provider Increase Broadband for an unspecified sum.

This is technological know-how M&A deal range 30 that ChannelE2E has covered so far in 2023. See additional than 2,000 engineering M&A discounts involving MSPs, MSSPs & IT company suppliers shown here.

GI Companions, established in 2001, is centered in the United States with places of work in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has 194 employees mentioned on LinkedIn. GI Associates has property underneath management totaling $33 billion and invests on behalf of main institutional buyers around the world by means of its non-public equity, true estate, and facts infrastructure approaches.

Increase Broadband, launched in 2005, is based in Englewood, Colorado. The firm has 350 workers outlined on LinkedIn. Rise’s spots of expertise involve world wide web speeds in between 3 Mbps and 1 Gbps, Personal computer treatment assistance strategies, high quality complex support company prepare, business enterprise large-pace world wide web, and electronic telephone (ActivePhone™) for business enterprise.

Rise Broadband Obtained: The Details

Rise says it will use the new cash to strengthen purchaser experience and speed up its rollout of fiber-to-the-dwelling expert services for rural American houses and companies.

Increase is the most significant independent fixed wi-fi world wide web provider supplier in the U.S., serving primarily rural communities. CEO Jim O’Brien and the present government team will proceed primary Rise Broadband, the enterprise said.

Barclays acted as money advisor to Increase Broadband and Bryan Cave Leighton Paisner acted as authorized counsel. Stifel acted as monetary advisor to GI Companions and Simpson Thacher & Bartlett acted as authorized counsel.

GI Partners Acquires Increase Broadband: Govt Perception

Jim O’Brien, CEO, Increase Broadband

Jim O’Brien, CEO, Rise Broadband, commented:

“Rise Broadband is fully commited to connecting communities across our large community footprint by providing very best-in-class support to our buyers and to offering state-of-the-art superior-velocity broadband. We are eager to companion with the GI Associates team as we embark on a new section of expansion, driven by considerable expenditure in our hybrid fiber-to-the-dwelling and set wi-fi network.”

Brendan Scollans, taking care of director and co-head of GI Info Infrastructure, reported:

“Rise Broadband supplies crucial broadband connectivity with a emphasis on customers in rural The us. We are enthusiastic to husband or wife with Jim O’Brien and the Increase crew to execute a multi-year, fiber-dependent community growth hard work. Rise’s present community infrastructure is uniquely positioned to execute a fiber growth hard work that will offer rural communities with following generation broadband company.”

Broadband M&A

Broadband vendors have established to be fascinating acquisition targets in modern many years. In 2022 by itself, at minimum half a dozen providers were acquired up by rivals or non-public equity. Among the discounts:

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