M&A Deal Summary

Stratus Networks Acquires Illinois Fiber Resources Group

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-06-04
Target Illinois Fiber Resources Group
Sector Communications
Buyer(s) Stratus Networks
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
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
Mergr

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