"Greenlight Networks also has operations in New York and Maryland. Oak Hill Capital is the majority investor in Greenlight Networks. FastBridge Fiber has been supported, and is majority-owned, by a subset of Guggenheim Investments clients. Following the closing of this transaction, Guggenheim Investments will take an ownership stake in Greenlight Networks and, in conjunction with Oak Hill Capital, will further strengthen the company's growth and expansion initiatives."
""This acquisition not only positions us to accelerate our ability to serve more communities in Pennsylvania, but it also adds to our scale in Buffalo. Together, we can deliver next-generation internet to more residents and small businesses faster, in areas where demand for high-speed fiber internet is rapidly growing," Mark Murphy, Greenlight Networks CEO, said in a prepared statement about the FastBridge Fiber acquisition."
Greenlight Networks is acquiring FastBridge Fiber for an undisclosed price, with regulatory approval pending and a closing expected in mid-next year. The acquisition expands Greenlight Networks' presence in Pennsylvania and adds scale in Buffalo, complementing existing operations in New York and Maryland. Oak Hill Capital is the majority investor in Greenlight Networks; Guggenheim Investments clients have supported FastBridge and will take an ownership stake in Greenlight after closing. Greenlight previously announced expansion into northeast and south-central Pennsylvania and a Loop Internet acquisition to accelerate fiber deployment, local hiring, partnerships, and capital investments. FastBridge recently expanded Erie County with promised 10 Gbps service.
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