Antin Infrastructure Partners, a European-based investment firm, today entered into a definitive agreement under which it will acquire FirstLight, a fiber-optic bandwidth infrastructure services provider operating in the Northeast U.S., from Oak Hill Capital Partners IV. The value of the Antin FirstLight deal was not disclosed.
As we reported last April, Oak Hill had been using the FirstLight brand to make several
acquisitions of smaller fiber-optic bandwidth services providers. Oak Hill bought FirstLight Fiber in September 2016, then acquired Sovernet Communications (Aug. 2016) and Finger Lakes Technologies Group (Mar. 2017), as well as Oxford Networks and ION.
FirstLight Fiber had also expanded its regional fiber broadband footprint further south in New York by adding 36,000 fiber miles into Westchester, Rockland and Orange counties just outside New York City.
Then the firm used today’s deal as an exit strategy.