TowerBrook Capital Partners, an international investment firm, agreed to acquire CBTS, a North American provider of IT solutions and services, from altafiber, a provider of integrated communications solutions over its fiber‐optic network to residential and business customers, for $670m. "This marks a historic day for CBTS, which has transformed from a regional IT provider into an international company. TowerBrook Capital Partners will provide the necessary investment capital to accelerate CBTS’ growth objectives," Leigh Fox, altafiber President and CEO.