US M&A round-up: Atlantic-FiberLight deal closes; GTCR snags Northland

5 Oct 2018

Atlantic Broadband, the ninth largest cable operator in the US, has announced the closing of its acquisition of the South Florida fibre network previously owned by FiberLight, which specialises in metropolitan and long-haul fibre transport services. Initially announced in January this year, the closing of the deal adds roughly 350 route miles to Atlantic Broadband’s existing South Florida footprint, more than doubling its existing fibre footprint in the region.

In other news, private equity firm GTCR has completed its previously announced acquisition of Northland Communications via its portfolio company Mega Broadband Investments, a partnership with CEO Phil Spencer. Founded in 1981, and headquartered in Seattle, Washington, Northland provides broadband, pay-TV and voice services to residential and business subscribers in rural markets in the Southeast, Texas, and the Northwest.

United States, Atlantic Broadband, FiberLight, Northland Communications