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New Deal


Announced

Completed

Oak Hill Capital completed the acquisition of Wire 3 from Guggenheim.

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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Telecom

United States

internet services

Internet

Private Equity

Domestic

Completed

Private

Acquisition

Majority

Friendly

Single Bidder

Synopsis

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Oak Hill Capital, a private equity firm, completed the acquisition of Wire 3, a fiber-to-the-home provider, from Guggenheim Partners, a private equity firm. Financial terms were not disclosed. "We are delighted to form a new partnership with Oak Hill, an experienced investor in the broadband sector. Oak Hill's investment and expertise will help us achieve our target to expand our high-speed Internet service to hundreds of thousands of homes and businesses across Florida. Our goal is to empower communities with reliable and fast Internet access, fostering growth and digital opportunities for all," Jai Ramachandran, Wire 3 CEO.

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