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Announced

Completed

South Reach Networks completed the acquisition of Florida fiber and colo network of Resurgence.

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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United States

Telecommunications infrastructure

colocation services

Single Bidder

fiber network

Acquisition

Completed

Friendly

Private

Majority

Private Equity

Synopsis

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Turning Rock Partners-backed South Reach Networks, a Florida-based telecommunications infrastructure provider, completed the acquisition of Florida-based fiber and colocation assets of Resurgence Infrastructure Group, the owner and operator of a contiguous long-haul dark fiber network. Financial terms were not disclosed. "It has been a very busy time here at South Reach Networks, and my team and I are working hard to set the company vision and execute the strategy to expand with key, targeted acquisitions within Florida to take advantage of growing secular demand for global communications and secure infrastructure as a service. I am excited about this path we are on to grow our fiber infrastructure and data center footprint, and for the momentum we are building in this market," Michael Sevret, South Reach Networks President.

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