M&A Deal Summary

FirstLight Fiber Acquires Keystone Initiative for Network Based Education and Research

On September 15, 2020, FirstLight Fiber acquired communications company Keystone Initiative for Network Based Education and Research

Acquisition Highlights
  • This is FirstLight Fiber’s 9th transaction in the Communications sector.
  • This is FirstLight Fiber’s 13th transaction in the United States.
  • This is FirstLight Fiber’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-09-15
Target Keystone Initiative for Network Based Education and Research
Sector Communications
Buyer(s) FirstLight Fiber
Deal Type Add-on Acquisition
Advisor(s) RBC Capital Markets (Financial)

Target

Keystone Initiative for Network Based Education and Research

Harrisburg, Pennsylvania, United States
Keystone Initiative for Network-Based Education and Research (KINBER) is a nonprofit corporation, provides broadband connectivity, fosters collaboration, and promotes the innovative use of digital technologies throughout the state. KINBER provides network-based connectivity and services to over 135 organizations and programming to many more, including higher education, K-12, health care, communities, libraries, public media, museums, government, and nonprofit organizations, as well as commercial organizations consistent with its mission.

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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 13 of 13
Sector (Communications) 9 of 9
Type (Add-on Acquisition) 11 of 11
State (Pennsylvania) 1 of 1
Country (United States) 13 of 13
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 TruePath Technologies

Victor, New York, United States

TruePath Technologies, Inc. provides a secure, dedicated, cloud-based solution that is a fully managed monitoring software system that configures and maintains its client’s monitoring software remotely whether it is Open Source or enterprise-grade software. TruePath Technologies was established in 1999 and is based in Victor, New York.

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