Plymouth Management Company (PMC) has mad a third investment – via Plymouth Venture Partners Fund II – in Lynx Network Group of Kalamazoo, Michigan.
Lynx Network Group is a full service telecommunications company specialising in advancing high-speed next generation infrastructure in tier two and tier three markets where traditional infrastructure is not capable of meeting demand. The company is currently constructing 1000 miles of fibre optic network infrastructure throughout Michigan for the purposes of connecting businesses, organisations and wireless service providers that demand resilient and ultra-fast infrastructure.
The fibre optic network project will connect communities throughout the Northern, Western, Eastern and Southern boundaries of Michigan’s Lower Peninsula, as well as Central and Mid Michigan. Among the cities slated to be part of the fiber optic network are Monroe, Adrian, Hillsdale, Coldwater, Three Rivers, Benton Harbor, South Haven, Zeeland, Grand Haven, Muskegon, Ludington, Manistee, Beulah, Traverse City, Kalkaska, Charlevoix, Petoskey, Mackinaw City, Gaylord, Grayling, Houghton Lake, Clare, Mt. Pleasant, Midland, Bay City, and Oscoda.
The goal of the project is to provide high-performance, lower-cost, fibre-based communications services (including internet access) to underserved areas throughout Michigan. Funding for this fibre optic network project will help Lynx Network Group to attract and retain jobs for Michigan-based businesses that require advanced, high-speed communications to remain competitive.
Currently underway, Lynx Network Group estimates that more than half of the project will be complete by year end, and the full network will be operational in 2012.
Mark Horne, PMC’s Chief Executive Officer says: “The management team at Lynx Network Group brings great vision and a track record of solid execution. PMC’s investment into Lynx will further expand their capabilities and significantly change the landscape of Michigan and its communities. The funding also provides the company with a strong financial foundation to support growth for years to come.”
Gregg Rutgers, Founder at Lynx Network Group says: “We are excited to be in partnership with PMC for this expansion and growth stage. Their fund has demonstrated a real commitment to Michigan companies; we’re looking forward to adding their team’s exceptional business and industry expertise to our Board.”
