Add-on Acquisition • Communications

Stratus Networks Acquires Illinois Fiber Resources Group

On June 4, 2024, Stratus Networks acquired communications company Illinois Fiber Resources Group

Acquisition Context

This is Stratus Networks’ 1st transaction in the Communications sector.
This is Stratus Networks’ 1st transaction in the United States.
This is Stratus Networks’ 1st transaction in Illinois.

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M&A Deal Summary
Date	June 4, 2024
Target	Illinois Fiber Resources Group
Sector	Communications
Buyer(s)	Stratus Networks
Deal Type	Add-on Acquisition

Target Company

Illinois Fiber Resources Group

Sycamore, Illinois, United States

Illinois Fiber Resources Group provides high-speed (up to 10Gb) network transport services to both the public and private sector in Northwest Illinois and beyond. It is a mid-mile network that allows connecting with long-haul networks serving a broad and diverse region. Illinois Fiber Resources Group is based in Sycamore, Illinois.

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Buyer Overview 1

Buyer

Stratus Networks

Peoria Heights, Illinois, United States

Category	Company
Founded	1999
Sector	Communications

DESCRIPTION

Stratus Networks is a provider of fiber-optic bandwidth infrastructure services. Stratus Networks is a provider of data and voice networking services for businesses with a full range of products including data, cloud, and voice solutions. Stratus Networks was founded in 1999 and is based in Peoria Heights, Illinois.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Communications	1 of 1
Type: Add-on Acquisition	1 of 1
State: Illinois	1 of 1
Country: United States	1 of 1
Year: 2024	1 of 1

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