Oak Hill Capital has acquired Wire 3, a fiber-to-the-home provider in Florida, from Guggenheim Investments and committed to invest up to $250 million out of Oak Hill’s sixth flagship fund to accelerate the expansion of Wire 3’s fiber network in underserved communities across Florida. Wire 3’s existing management team members are remaining as shareholders and will continue leading the business going forward.
Wire 3 provides symmetrical Internet speeds of up to 10 Gbps over its state-of-the-art infrastructure, responsive local customer service, simplified pricing and reliable connectivity to homes and businesses in the communities it serves. Wire 3 is actively expanding its fiber network across Florida communities within Volusia, Brevard, Indian River, St. Lucie, Orange, and Marion counties. In addition to expanding broadband access in these communities, the company’s network expansion will create hundreds of new jobs at Wire 3 and employment opportunities for local con