Rise Broadband Announces Acquisition by GI Partners
Rise Broadband, a leading provider of broadband services across 16 states, announced it has completed an acquisition by GI Partners, a leading U.S.-based investor in data infrastructure businesses. In addition, GI Partners is committing meaningful new capital to improve customer experience and accelerate Rise Broadband’s rollout of fiber-to-the-home services for rural American homes and businesses.
Based in Englewood, Colorado, Rise Broadband is the largest independent fixed wireless internet service provider in the U.S., serving primarily rural communities. Jim O’Brien, the Chief Executive Officer, and the current executive team will continue leading Rise Broadband.
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“Rise Broadband is committed to connecting communities across our vast network footprint by providing best-in-class service to our customers and to delivering advanced high-speed broadband,” said Jim O’Brien, CEO of Rise Broadband. “We are eager to partner with the GI Partners team as we embark on a new phase of growth, driven by significant investment in our hybrid fiber-to-the-home and fixed wireless network.”
“Rise Broadband provides essential broadband connectivity with a focus on customers in rural America. We are excited to partner with Jim O’Brien and the Rise team to execute a multi-year, fiber-based network expansion effort,” said Brendan Scollans, Managing Director and Co-Head of GI Data Infrastructure. “Rise’s existing network infrastructure is uniquely positioned to execute a fiber expansion effort that will provide rural communities with next generation broadband service.”
Barclays acted as financial advisor to Rise Broadband and Bryan Cave Leighton Paisner acted as legal counsel. Stifel acted as financial advisor to GI Partners and Simpson Thacher & Bartlett acted as legal counsel.
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