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Ares makes strategic investment in fibre broadband specialist Bluepeak

Bluepeak, a provider of fibre broadband to residential and commercial customers in communities across the US and Canada’s Great Plains region, has secured an investment from funds managed by Ares Management’s infrastructure opportunities and alternative credit strategies.

Since its 2021 acquisition by GI Data Infrastructure, Bluepeak has expanded its regional footprint across five states and has constructed a fibre network reaching over 140,000 new homes. According to a press release, the investment from Ares will provide Bluepeak with fresh capital intended to help accelerate its growth plans across the Great Plains region.

Bank Street Group and TD Securities served as financial advisors and Simpson Thacher & Bartlett served as legal counsel to Bluepeak. Kirkland & Ellis served as legal counsel to Ares.

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