Oak Hill seals majority stake in Greenlight Networks

7 Jun 2022

Greenlight Networks, a fibre-to-the home (FTTH) provider based in upstate New York, has announced that New York-based middle-market private equity firm Oak Hill Capital has become its majority investor. The transaction – which was announced in March this year – provides the financial backing to accelerate Greenlight’s growth across New York state and beyond. Indeed, Oak Hill plans to invest up to USD300 million to expand Greenlight’s network from nearly 90,000 homes today to more than 800,000 homes within the next few years.

According to its website, Oak Hill Capital currently invests in multiple US telecoms providers, including: Future Fiber Holdings, Metronet, Race Communications and Vexus. It also acquired Otelco in April 2021 and is in the process of renaming it as GoNetSpeed. Note: MetroNet and Vexus completed their merger on 1 June 2022 (see Metronet, Vexus complete merger story in CommsUpdate for more details.)

United States, Greenlight Networks, Oak Hill Capital