Announced
Completed
Financials
Tags
United States
Telecommunications infrastructure
colocation services
Single Bidder
fiber network
Acquisition
Completed
Friendly
Private
Majority
Private Equity
Synopsis
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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