M&A Deal Summary

Summit Broadband Acquires NexGen

On April 14, 2022, Summit Broadband acquired communications company NexGen

Acquisition Highlights
  • This is Summit Broadband’s 1st transaction in the Communications sector.
  • This is Summit Broadband’s 1st transaction in the United States.
  • This is Summit Broadband’s 1st transaction in Iowa.

M&A Deal Summary
Date 2022-04-14
Target NexGen
Sector Communications
Buyer(s) Summit Broadband
Deal Type Add-on Acquisition

Target

NexGen

Urbandale, Iowa, United States
NexGen is a provider of reliable, affordable, and innovative communication solutions engineered specifically for multi-tenant residential communities. NexGen uses the latest in fiber optic internet technology, reaching speeds up to 1Gbps, to ensure your property is always at the leading edge of innovation. NexGen was founded in 2000 and is based in Urbandale, Iowa.

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Buyer(S) 1

Buyer

Summit Broadband

Orlando, Florida, United States
Category Company
Founded 2009
Sector Communications
DESCRIPTION

Summit Broadband is a fiber-optics telecommunications provider in central and Southwest Florida. Summit Broadband provides voice, video, data and high-speed internet services to residential and commercial customers, as well as Ethernet and dark-fiber transport to enterprise and carrier customers. Summit Broadband was founded in 2009 and is based in Orlando, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

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