FiberLight, LLC, a fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks, recently announced that it has successfully completed a strategic recapitalization with a preeminent global investment and advisory financial services firm. FiberLight’s new, strong backing — which includes $325 million in financing — serves to strengthen the company’s delivery of lit and dark fiber network solutions and support its dedication to customer service excellence. This ensures that both current and potential FiberLight customers are fully enabled with the diverse connectivity services they need to digitally transform and meet evolving user needs. Bank Street Group LLC served as exclusive financial advisor and placement agent to FiberLight in connection with the transaction.
“At FiberLight, we are driven by a core dedication to ensuring reliability for businesses, improving reach for their network solutions and enabling our partners and customers across an array of verticals,” states Jim Lynch, CEO of FiberLight. “This strategic recapitalization aligns with and supports this commitment, opening up new possibilities not only for FiberLight, but more importantly for our customers who rely on our solutions to get the results they need to be competitive and to flourish in this digital era. We’re excited to work with our new lending partner, as they understand digital infrastructure and support our next phase of company growth.”
Today, nearly all entities — including wireless providers, hyperscalers, data centers, enterprises, healthcare institutions, municipalities and more — are looking to transform their IT strategies to meet rapidly expanding data and accessibility requirements. Lower latencies, faster speeds and higher capacity are at the core of digital business and successful consumer experiences. Furthermore, the global pandemic has accelerated this reliance on digital means dramatically, pushing companies’ digital transformations to be accomplished even faster. In light of recent remote work situations and widespread dependence on virtual capabilities, it’s clear that connectivity and robust networking has never been more vital
Leveraging decades of experience designing, engineering, building and optimizing fiber optic networks, FiberLight is a strategic and trusted partner for customers that are looking to expand or reinvent their fiber infrastructure to suit these new requirements and achieve better agility, availability, security, reliability, scalability and more. FiberLight delivers 20 years of expertise designing, building, maintaining and operating large-scale, custom, high-capacity fiber infrastructure in some of the country’s most rapidly growing locations. The company’s dark fiber solutions deliver complete operational control, security and scalability for customers, empowering business operations and achieving peace of mind for network and data center providers, large enterprises across the U.S. and up-the-stack partners.
To learn more about FiberLight, please visit www.fiberlight.com.