DigitalBridge Group, in partnership with CPPIB Credit Investments III, a wholly owned subsidiary of Canada Pension Plan Investment Board (CPP Investments), has invested $220 million in Everstream Solutions.
Founded in 2014 and headquartered in Cleveland, Everstream delivers a business-only, enterprise-grade fiber network. The company serves large and mid-sized enterprises with more than 27,000 route miles of fiber, speeds up to 100 Gbps, and robust business fiber services, including low-latency dedicated internet, WAN and dark fiber.
“We selected DigitalBridge Credit as our partner because of its unsurassed sector expertise, leading credit structuring capabilities and ability to execute on an accelerated timeline,” said Brett Lindsey, Everstream’s CEO. “We look forward to benefitting from the team’s deep industry knowledge as we move forward with additional financial flexibility to continue growing our business-only fiber network, expand into new markets, ser