Omni Fiber and Lit Fiber announce merger to boost up fiber-to-the-home growth
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Omni Fiber and Lit Fiber announce merger to boost up fiber-to-the-home growth


CINCINNATI, Nov. 20, 2024 /PRNewswire/ — Omni Fiber, a main supplier of high-speed fiber sights web services and products within the Midwest, nowadays introduced a merger with Lit Fiber, the main supplier of fiber Web services and products in Medina County, Ohio. Lit Fiber is recently increasing its community into shape communities and is construction a state of the art fiber community in Brownsville, Texas.

“We are thrilled to welcome Lit Fiber and their associates to Omni Fiber,” stated Darrick Zucco, CEO of Omni Fiber. “Lit Fiber’s network in Ohio is adjacent to our network and working together will allow our teams to move faster into new markets, operate more efficiently, and serve our customers better.”

“The merger with Omni Fiber will help us accelerate our expansion plans and reach more underserved communities with the same exceptional local service our customers are used to,” stated Andrew Massey, CEO of Lit Fiber.

Present Lit Fiber shoppers will turn out to be eligible for sooner speeds (as much as 10 Gbps) as soon as the community and programs integration actions are finished in early 2025.

Each Omni Fiber and Lit Fiber are majority-owned via Oak Hill Capital, an skilled investor within the fiber-to-the-home length. “This transaction will allow both companies to expand more quickly and improve the services offered to Lit Fiber’s customers. It is a win-win for current and future customers”, stated Scott Baker, Managing Spouse at Oak Hill. Alternative Lit present shareholders, together with Stephens Capital Companions (“Stephens”) and The Pritzker Group (“TPO”), are too much shareholders and plan to proceed to assistance the trade in the future.

About Omni Fiber
Based in 2022, Omni Fiber is subsidized via Oak Hill Capital, probably the most biggest funding companies within the telecommunications {industry}. Based totally in Ohio, Omni Fiber is led via a management crew with 100+ years of blended {industry} enjoy and gives 100% fiber-optic broadband Web, TV, and Telephone services and products to residential and trade shoppers within the Midwestern United States. Omni Fiber deals unbending speeds of as much as 10 Gbps, disagree secret charges, disagree knowledge caps, Top rate Wi-Fi incorporated, native customer support, and aggressive pricing. For more info, please discuss with www.omnifiber.com.

About Oak Hill
Oak Hill is a longstanding personal fairness company targeted at the North The united states middle-market. Oak Hill applies a specialised, theme-based solution to making an investment and implements a extremely systematic solution to theme construction, proactive establishing, and worth settingup in partnership with control to assemble franchises of lasting worth. Over the date 35+ years, Oak Hill and its predecessors have raised over $23 billion of preliminary capital constancy and co-investments and invested in over 110 firms. For more info, please discuss with www.oakhill.com.

About Stephens Capital Companions
Stephens Capital Companions LLC (“SCP”) is the most important making an investment arm of the Warren A. Stephens society and Stephens Inc. SCP identifies alternatives to paintings with industry-leading control groups with a long-term standpoint. SCP supplies people and personal firms with capital for functions of expansion, recapitalization, and leveraged buyouts. For more info, see www.stephenscapitalpartners.com.

About The Pritzker Group
The Pritzker Group is the service provider reserve for the trade pursuits of the Tom Pritzker society. Backup knowledge may also be discovered at www.pritzkerorg.com.

Omni Fiber Media Touch:
Andres Tovar
[email protected]
513-480-9610

SOURCE Omni Fiber

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