Oxford Networks to merge with Portsmouth firm
Lewiston-based Oxford Networks has reached an agreement to merge with a Portsmouth, N.H., firm, which it said will make it the largest competitive telecommunications provider headquartered in northern New England.
Oxford Networks and BayRing Communications said in a joint announcement on Thursday that the merger will allow the combined entity to expand its data center, managed IT, Internet and other services and allow it to grow throughout New England and beyond. Oxford Networks operates out of Lewiston, with data centers in Brunswick and Bangor, while BayRing operates out of Portsmouth, where it also has two data centers.
"Over the past 15 years, Oxford Networks and BayRing have followed similar strategies; building world-class fiber optic networks, making investments in cutting-edge data center and telecom technologies and providing a superior customer experience,” Craig Gunderson, Oxford Networks' president and CEO, said in a prepared statement. “This strategic partnership will allow the companies to leverage a significantly larger fiber network and data center infrastructure. Customers will see a rapid expansion and evolution of products and services."
The merger will give the combined entity roughly 2,000 miles of high-capacity fiber optic network that can provide access to nearly 50,000 commercial buildings, the two companies said. It will also provide access to four service organizational control data centers and all other data centers throughout Massachusetts, New Hampshire and Maine.
Novacap, a Montreal-based private equity firm that acquired Oxford Networks in 2014, said the merger is part of its long-term strategy to provide “world-class” technology services to businesses in New England and surrounding areas.
"We are pleased to have reached an agreement between Oxford Networks and BayRing Communications,” Ted Mocarski, Novacap partner and chairman of Oxford Networks' board, said in a prepared statement. “We are impressed with the leadership, technology assets and culture of both companies. Each organization has enjoyed significant success by focusing on local, high-touch customer service."
Financial details of the merger were not disclosed. The announcement did not say if the merger will impact any employees or result in any name changes. The merger is subject to regulatory approval, including approval by the Federal Communications Commission.
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