7. Private Equity Firm Buys Horizon Telecom For $220 Million
Novacap, a Canadian private equity firm, revealed its intent to buy fiber infrastructure provider Horizon Telecom in a deal valued at north of $220 million in January.
The deal is aimed at helping Chillicothe, Ohio-based Horizon, a more than 100-year-old company, transition from a traditional telephone company to a regional leader in fiber-based services, Novacap said. Horizon today has more than 4,300 route miles and close to 550,000 fiber miles with over 1,600 on-net locations and 16,600 near-net buildings. Novacap closed the acquisition in June.