FirstLight took one last step to cement its position up in northern New England today with another acquisition. The fiber network operator has bought out Maine Fiber Company.
FirstLight had already been using some of MFC's fiber network to enhance its own reach in the state, and this deal brings that infrastructure and more in-house. Just two weeks ago FirstLight announced investments in its metro reach in Maine. Clearly they had more in mind than just the business district of Biddeford and Saco.
MFC's network spans some 1,300 route miles throughout the state and stretches to the Canadian border both along the ocean and inland. That's far beyond the destinations of Portland and Bangor that the few networks that actually reach into Maine generally stop at, making it quite a unique asset in some definitely underserved territory.
FirstLight changed hands last year, with Antin Infrastructure Partners taking over from Oak HIll Capital Partners. MVP Capital Advisors helped MFC with the transaction. Financial details were not disclosed.
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