M&A Deal Summary

Everstream Acquires Rocket Fiber

On February 26, 2020, Everstream acquired communications company Rocket Fiber

Acquisition Highlights
  • This is Everstream’s 5th transaction in the Communications sector.
  • This is Everstream’s 5th transaction in the United States.
  • This is Everstream’s 4th transaction in Michigan.

M&A Deal Summary
Date 2020-02-26
Target Rocket Fiber
Sector Communications
Buyer(s) Everstream
Deal Type Add-on Acquisition
Advisor(s) Bank Street (Financial)
Bodman (Legal)

Target

Rocket Fiber

Detroit, Michigan, United States
Rocket Fiber LLC is a Michigan-based company that delivers multi-gigabit internet and connectivity solutions for businesses and residences. Rocket Fiber's core mission is to transform the way clients create, collaborate and communicate. Rocket Fiber's portfolio of services includes managed network services, data, and cloud, voice, and dedicated internet, all of which are backed by award-winning, white-glove client service, and a state-of-the-art 24/7/365 Network Operations Center.

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Buyer(S) 1

Buyer

Everstream

Cleveland, Ohio, United States
Category Company
Founded 2012
Sector Communications
DESCRIPTION

Everstream is a super-regional network service provider bringing fiber-based Ethernet, internet and data center solutions to businesses throughout the Midwest. We are the Business Fiber Network. We focus on delivering best-in-class network solutions while providing an unrivaled commitment to customer service. With more than 10,000 route miles and comprehensive data center connectivity at 100 Gigabit speed, we provide the fastest network in our service areas. Everstream’s network allows businesses to operate a converged IP network capable of delivering robust voice, video, and data services at speeds from 10 Mbps to 100 Gbps. Everstream was founded in 2012 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 5 of 6
Sector (Communications) 5 of 6
Type (Add-on Acquisition) 4 of 4
State (Michigan) 4 of 4
Country (United States) 5 of 6
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 DataBank Holdings - LightBound fiber/CLEC Assets

Indianapolis, Indiana, United States

DataBank Holdings Ltd. - LightBound fiber/CLEC Assets compromises a 200-plus-mile Indianapolis-based fiber network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Uniti Group - Fiber Network Assets

Philadelphia, Pennsylvania, United States

Uniti Group's Fiber Network Assets provides dedicated internet access, dark fiber, Ethernet, and data center solutions.

Buy -
Mergr

Product

Company

Legal