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Announced

Completed

Everstream completed the acquisition of Dan Gilbert-backed Rocket Fiber.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Internet

Friendly

United States

internet service provider

Acquisition

Majority

Private

Domestic

Single Bidder

Completed

Synopsis

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Everstream, a fiber based networks provider, completed the acquisition of Dan Gilbert-backed Rocket Fiber, an internet service provider. Financial terms were not disclosed. “Everstream’s acquisition of Rocket Fiber gives us an even stronger footprint in Michigan, and as we continue to grow, our Detroit customers now have direct access throughout the Midwest thanks to the Everstream network. Detroit businesses will continue to experience high-capacity, low-latency connectivity services and we’re excited to partner with new and existing customers to help them scale,” Brett Lindsey, Everstream President and CEO.

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