Greenlight Networks, a fiber-to-the home (FTTH) provider in New York State, has entered into an agreement with Oak Hill Capital, a New York-based middle-market, private-equity firm.
Under the agreement, Oak Hill Capital will acquire a controlling interest in Greenlight through its most recent 2022 vintage fund, Oak Hill Capital Partners VI. This new investment will accelerate Greenlight's growth in building and connecting FTTH broadband services across New York state and beyond.
With multiple investments in the FTTH space dating back to 2014, Oak Hill actively has supported increased fiber access across the United States. Greenlight's network reaches 80,000 homes today, and the company believes it will reach more than 800,000 homes with broadband Internet. To support this expansion, Oak Hill plans to invest as much as $300 million in the company.
“Oak Hill is an ideal partner to support our growth strategy, and its commitment of capital, resources and expert
