Please do not leave this page until complete. This can take a few moments.
FirstLight Fiber, a leading fiber-optic bandwidth infrastructure services provider operating in New York and northern New England, announced today that Oak Hill Capital Partners has completed its acquisition of Lewiston-based Oxford Networks for an undisclosed amount.
Operations of Oxford and FirstLight have now been combined, resulting in FirstLight now operating a 5,000 route mile, high-capacity, fiber-optic network spanning five states with 4,400 locations in service and 10 data centers.
As previously reported, Novacap, Bank Street Capital Partners and Riverside Partners will continue as minority investors in the combined company.
“The acquisition of Oxford more than doubles the size of our business, dramatically increases our scale and network reach, and better positions FirstLight to continue meeting the growing bandwidth infrastructure needs of our customers,” Kurt Van Wagenen, president and CEO of FirstLight, said in a statement announcing the acquisition’s closing.
He added, “FirstLight and Oxford are highly complementary in terms of fiber footprint, service set, customer base, employee expertise and mission, which will ease integration efforts. We expect this to be a seamless transaction for our customers and significantly enhance our operating platform as we continue to grow the business.”
Oxford Networks President and CEO Craig Gunderson said combining with FirstLight will enable Oxford to serve its customers better. “We look forward to working together to realize the promise that this combination creates,” he said.
Scott Baker and Benjy Diesbach, partners at Oak Hill and members of the FirstLight board of directors, characterized the acquisition of Oxford as an “important milestone” for both FirstLight and Oak Hill.
“This transaction represents an exciting next step in our plan to create the leading fiber provider in the Northeastern United States,” they said in a joint statement. “The combined company, along with the previously announced acquisition of Sovernet Communications, will form an entity that has an exceptional foundation to serve the needs of both regional enterprises and communications carriers.”
The Sovernet transaction is expected to close early in 2017, following the satisfaction of customary regulatory approvals and will further increase the size and geographic footprint of FirstLight. Once complete, FirstLight will operate a network spanning 9,500 route miles in five states and Canada, more than 5,000 on-net locations and 11 data centers with 128,000 square feet of space.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreFew people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
Comments