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Jun 06, 2023 Portfolio Company News

Grain Management-Backed Summit Broadband Names Kurt Van Wagenen as CEO

ORLANDO, Fla. (June 6, 2023)

Summit Broadband (“Summit” or the “Company”), a leading fiber-optics telecommunications provider in Florida, today announces Kurt Van Wagenen as CEO. Summit is a portfolio company of Grain Management, LLC (“Grain”), Washington, D.C.-based investment firm and solutions provider to the global broadband industry.

Kurt Van Wagenen is a 30-year-veteran of the telecommunications industry with a background in corporate strategy and integration; engineering and operations; and consumer sales and service. Prior to joining Summit, he was President, CEO and Board Chair of FirstLight Fiber. Van Wagenen is a Chartered Financial Analyst (CFA) and holds a Bachelor of Science in Chemical Engineering from Rensselaer Polytechnic Institute and an MBA from Harvard Business School.

“Kurt is a proven leader. We are excited to partner with him as the talented Summit team continues to implement strategic growth initiatives,” said Raghav Nayar, a managing director at Grain. “Kurt’s experience executing on growth plans for major telecommunications companies will help Summit to further expand its footprint of state-of-the-art fiber-optic network to more customers.”

Van Wagenen said, “The opportunity for broadband expansion in Florida is robust. I look forward to working with the Summit team and partnering with Grain to serve our customers and deliver the next phase of growth for the Company.”

Summit has been a fixture in the Florida community for nearly 30 years. Through its ongoing development initiatives, the company continues to expand its reach through strategic and organic growth channels, serving multiple industries and communities across Florida.

About Summit Broadband

Summit Broadband is a leading fiber-optics telecommunications provider in Central and Southwest Florida since 1994. The company provides voice, video, data and high-speed internet services to commercial and residential customers, as well as ethernet and dark-fiber transport to enterprise and wholesale customers. The company owns and operates its own fiber-optic networks, with a reach of more than 3,500 fiber-route miles, serving multiple industries and communities. Summit Broadband was acquired by Grain in 2020. For more information, visit www.summit-broadband.com.

About Grain

Grain Management, LLC is a leading private investment firm that focuses on communications infrastructure and technology companies that connect the world to the information economy. Founded in 2007, the Firm invests exclusively in the global broadband industry, employing a rigorous, data-based process buoyed by deep sector expertise to identify investment opportunities in key areas of communications, including fiber networks, wireless spectrum, cell towers, infrastructure services and managed services. For more information visit www.graingp.com.

Contacts:

Grain Public Relations

[email protected]

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