M&A Deal Summary

Metronet Fiber Acquires Vexus

On January 27, 2022, Metronet Fiber acquired communications company Vexus from Bluepeak

Acquisition Highlights
  • This is Metronet Fiber’s 4th transaction in the Communications sector.
  • This is Metronet Fiber’s 4th transaction in the United States.
  • This is Metronet Fiber’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-01-27
Target Vexus
Sector Communications
Buyer(s) Metronet Fiber
Sellers(s) Bluepeak
Deal Type Merger

Target

Vexus

Lubbock, Texas, United States
website
Vexus is a provider of high-speed broadband services, including internet access, digital TV and other services to residential and business customers in northern Texas and southeastern Louisiana. Vexus was founded in 1981 and is based in Lubbock, Texas.

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Buyer(S) 1

Buyer

Metronet Fiber

Evansville, Indiana, United States

website

Category Company
Founded 2005
Sector Communications
DESCRIPTION

Metronet is a provider of fiber-optic internet, TV and phone service in more than 50 cities in Indiana, Illinois, and Kentucky. Metronet Fiber is providing cutting-edge fiber optic telecommunication services, including high-speed Fiber Internet, full-featured Fiber Phone, Fiber IPTV with a wide variety of programming, and products. Metronet Fiber was founded in 2005 and is based in Evansville, Indiana.

DEAL STATS #
Overall 4 of 4
Sector (Communications) 4 of 4
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Jaguar Communications

Owatonna, Minnesota, United States

Jaguar Communications is a provider of voice, video, and broadband telecommunication services on a 2,000-mile fiber-optic network ring serving customers in 13 counties. Jaguar Communications is based in Owatonna, Minnesota.

Buy -

Seller(S) 1

SELLER

Bluepeak

Sioux Falls, South Dakota, United States

website

Category Company
Founded 2014
Sector Communications
DESCRIPTION

Bluepeak is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Bluepeak was founded in 2014 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Vexus

Lubbock, Texas, United States

Vexus is a provider of high-speed broadband services, including internet access, digital TV and other services to residential and business customers in northern Texas and southeastern Louisiana. Vexus was founded in 1981 and is based in Lubbock, Texas.

Buy -
Mergr

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