Grain Management completed the acquisition of a majority stake in Summit Broadband.

Grain Management, an investor focused on the global communications sector, completed the acquisition of a majority stake in Summit Broadband, a fiber-optic telecommunications provider in Central and Southwest Florida. Financial terms were not disclosed. "This is exciting news for Summit Broadband. The company is now positioned to accelerate its growth, expand the business and take advantage of the dynamic opportunities in Florida. For our employees, this sale is the culmination of their hard work, dedication and commitment to creating a successful and valuable company. For current and future customers, the partnership with Grain will help Summit Broadband to continue providing state-of-the-art products and services and a world-class customer experience," Mark Lipford, Summit Broadband Chief Operating Officer.