Lightower Completes Acquisition of Veroxity
Accelerates Aggressive Growth with Acquisition of Boston Area Service Provider
Lightower Fiber Networks, a leading metro fiber network and bandwidth service provider, announced today that it has completed its previously announced acquisition of Veroxity Technology Partners, a leading provider of fiber based data and Internet connectivity solutions.
With the acquisition of Veroxity, Lightower expands its fiber footprint and customer base in the high-demand Boston metro market, increases its network facilities throughout New England and New York City, and adds a national long haul network connecting major cities across the U.S. The Veroxity network adds over 2,000 network route miles to Lightower’s current 4,500 network route miles and also increases Lightower’s fiber connectivity into major data centers and key commercial buildings throughout the region. The combined Lightower network covers over 6,500 network route miles and provides service to over 2,000 commercial buildings.
“As Lightower continues to expand, the acquisition and integration of Veroxity will enhance our presence and density in the greater Boston area as well as add nationwide long haul services. Customers can look forward to the same powerful network services and same customer service excellence – the two cornerstones on which both companies were built,”said Lightower CEO Rob Shanahan.
All Lightower customers will benefit from the addition of Veroxity’s long haul services to markets including Chicago, Washington, D.C., Atlanta, Denver, Phoenix, Los Angeles, San Francisco, San Diego, and Sacramento.
Veroxity customers will have access to all Lightower network services as well as all Lightower service locations. Lightower currently offers solutions comprised of Ethernet, dark fiber, WDM wavelengths, Internet access, SONET, and collocation services.
Lightower Fiber Networks is backed by M/C Venture Partners, Pamlico Capital, and Ridgemont Equity Partners. In 2007, M/C Venture Partners and Pamlico Capital together acquired Lightower. In 2008, Lightower acquired DataNet Communications and Keyspan Communications.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.