M&A Deal Summary

FirstLight Fiber Acquires Oxford Networks

On January 4, 2017, FirstLight Fiber acquired information technology company Oxford Networks from Oak Hill Capital

Acquisition Highlights
  • This is FirstLight Fiber’s 1st transaction in the Information Technology sector.
  • This is FirstLight Fiber’s 3rd transaction in the United States.
  • This is FirstLight Fiber’s 1st transaction in Maine.

M&A Deal Summary

Date 2017-01-04
Target Oxford Networks
Sector Information Technology
Buyer(s) FirstLight Fiber
Sellers(s) Oak Hill Capital
Deal Type Merger

Target

Oxford Networks

Lewiston, Maine, United States
Oxford Networks is a provider of end-to-end technology solutions for companies in New England and beyond. Oxford Networks services and products include: Data Center Services, Managed IT Services, Voice, Internet, and Carrier Services. Oxford Networks was founded in 1876 and is based in Lewiston, Maine.

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Buyer(S) 1

Buyer

FirstLight Fiber

Albany, New York, United States

Category Company
Founded 1999
Sector Communications
DESCRIPTION

FirstLight Fiber is a provider of fiber-optic data, Internet, data center and voice services to enterprise and carrier customers in New York and Northern New England with connectivity to Canada connecting in excess of 2,000 locations in service with an additional 14,000 locations serviceable by our 260,000 fiber mile network. FirstLight offers a robust suite of advanced telecommunications products featuring a comprehensive portfolio of high bandwidth connectivity solutions including Ethernet, wavelengths and dark fiber as well as dedicated Internet access solutions, data center services, and voice services such as SIP trunks, virtual PBX, and traditional TDM solutions. FirstLight Fiber was founded in 1999 and is based in Albany, New York.


DEAL STATS #
Overall 3 of 13
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (Maine) 1 of 2
Country (United States) 3 of 13
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-27 G4 Communications

Manchester, New Hampshire, United States

G4 Communications Corp. is an internet service provider, offering broadband data and Internet solutions, telephony services and other telecommunications services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 186 Communications

Nashua, New Hampshire, United States

186 Communications operates and maintains a fiber optic network serving local, national, and global broadband providers and enterprise customers. The core of our 1,000 mile Northeast network is operated from a 30,000 square foot facility and is fed by diverse connections, forming a high-capacity communications corridor designed and built to serve our customers.

Buy -

Seller(S) 1

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 41 of 55
Sector (Information Technology) 3 of 6
Type (Merger) 3 of 3
State (Maine) 1 of 1
Country (United States) 34 of 46
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 CommunityOne Bank

Ashebord, North Carolina, United States

CommunityOne Bank is a full service community bank headquartered in Asheboro, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Monsoon

Portland, Oregon, United States

Monsoon is an e-commerce solutions company that powers the online businesses of mid-sized merchants through integrated solutions that allow these merchants to easily manage inventory, orders, and fulfillment; sell more products in more places; and intelligently price products across channels. Monsoon was founded in 1998 and is based in Portland, Oregon.

Sell -