Ara Partners has acquired a controlling stake in US fibre-to-the-home (FTTH) broadband infrastructure firm Centric Fiber.

The global private equity and infrastructure investment firm has invested an unspecified amount to acquire the majority stake in partnership with Centric Fiber’s management team.

The investment builds on a relationship dating back to 2018, when Ara first partnered with Centric to support its early expansion into FTTH networks.

Headquartered in Houston, Texas, Centric Fiber has established a leading position in contracted FTTH high-speed internet services for large single-family master planned communities.

George Yong, partner and co-head of Ara Infrastructure, said: “We believe that low-carbon infrastructure will be critical in enabling the unconstrained growth of the digital economy. Fiber stands out as a practical solution due to its substantial energy efficiency gains over legacy systems and ability to deliver future-ready connectivity.

“Centric Fiber’s infrastructure-friendly model and deep growth pipeline make it a strong fit with Ara’s builder-oriented approach.”

Robert Barnwell, CEO of Centric Fiber, said: “We are at a pivotal time in the digital revolution, and we believe that Centric Fiber is uniquely positioned to meet the growing connectivity needs of American communities in a future-proof and energy-efficient manner.”

To read the latest IPE Real Assets magazine click here.

Topics