Antin Infrastructure Partners has acquired a majority stake in a US fibre broadband provider.
The private equity firm focused on infrastructure has invested an undisclosed sum on behalf of its mid-cap fund to buy OpticalTel in Florida to help support OpticalTel’s growth plan.
Bustamante will retain an ownership stake in OpticalTel and remain on the board of directors.
Founded in 2004 by Mario Bustamante, OpticalTel provides high-speed internet and telecommunication services, with a focus on residential bulk contracts to customers located in homeowners and condo-owners associations.
Kevin Genieser, senior partner at Antin, said: “We see this partnership with the OpticalTel team as an immense growth opportunity. Fibre is at the core of modern infrastructure, providing mission-critical, low-latency bandwidth services to a customer base that has increasing demand for data. We believe OpticalTel is very well-positioned to meet this need in the fast-growing Florida market.”
Luis Rodriguez, CEO and President of OpticalTel, said: “We are thrilled to be partnering with Antin as we enter the next chapter of OpticalTel’s journey. The strength of our relationships in the region speaks to our ability to deliver best-in-class technology and connectivity to our customers. With Antin’s support, we are excited to scale and continue executing at the highest level for those we serve.”
To read the latest edition of the latest IPE Real Assets magazine click here.
No comments yet