Fiber M&A: Private Equity to Buy Oxford Networks

January 15th, 2014 by · Leave a Comment

Private Equity has found some more infrastructure to buy. The Montreal-bsed private equity firm Novacap is apparently acquiring Oxford Networks for a price tag of $50M. It is the second bit of fiber and network M&A news up in New England for the week, following Last Mile Solutions move in Boston. 

TRImage_75 Jan. 15Oxford is based up in Maine, and has been making the transition from traditional telecom services to fiber, data center and the cloud in recent years. A few years ago they completed a fiber backbone up to Bangor from Boston, a route that most national carriers have never been interested in serving.  The followed that up with the purchase of a data center business.

But the transition has not been easy. Oxford posted a loss in 2012, after which it had to cut 10% of its staff, reducing headcount to about 120 today. In Novacap's hands, the company will presumably find deeper pockets with which to continue its evolution.

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Categories: Cloud Computing · Fiber Networks · Mergers and Acquisitions

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