GI Partners, a US-based private investment firm focussed on data infrastructure businesses, has acquired Rise Broadband, a provider of broadband services across 16 states in the US. GI Partners will support Rise Broadband’s rollout of fibre-to-the-home services for rural American homes and businesses.
Based in Englewood, Colorado, Rise Broadband is one of the largest independent fixed wireless internet service provider in the US, serving primarily rural communities. Jim O’Brien, the Chief Executive Officer, and the current executive team will continue leading Rise Broadband.
Barclays acted as financial advisor to Rise Broadband and Bryan Cave Leighton Paisner acted as legal counsel. Stifel acted as financial advisor to GI Partners and Simpson Thacher & Bartlett acted as legal counsel.