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Apr 14, 2022 Portfolio Company News

Summit Broadband acquires NexGen Connected Communities to expand residential and commercial portfolio in Florida

ORLANDO, Fla. (April 14, 2022)

Summit Broadband, a leading fiber-optics telecommunications provider for businesses and residential customers in Florida, announces today its acquisition of NexGen Connected Communities LLC (“NexGen”) to accelerate Summit’s goals of growing its portfolio of residential and commercial customers throughout Florida.

“Acquiring NexGen was a strategic decision for us,” says Summit Broadband CEO Kevin Coyne. “NexGen has a strong customer base that gives Summit additional opportunity to expand our portfolio of residential and commercial customers. We will overlay Summit’s products and technology to deliver leading-edge broadband services, well beyond the current speeds, to ensure premium access to the many benefits connectivity provides everyone for school, work and leisure.”

NexGen has delivered reliable, affordable and innovative communication solutions engineered specifically for multi-tenant residential communities since 2015. The company offers the latest in fiber-optic internet technology, providing reliable internet, VoIP phone service and television solutions.

“This acquisition proves what we always believed in our business – that NexGen’s technology and customer service were of great value to a company with the strength and scale of Summit Broadband,” says NexGen Connected Communities’ CEO Josh Reel.

About Summit Broadband

Summit Broadband is a leading fiber-optics telecommunications provider in Florida. The company provides high-speed internet, voice and video services to commercial and residential customers, as well as ethernet and dark-fiber transport to enterprise and wholesale customers. Providing a superior customer experience since 1994, Summit Broadband operates its own fiber-optic networks, with a reach of more than 2,700 route miles, serving multiple industries and communities. Summit Broadband is a portfolio company of Grain Management LLC, a leading Washington, D.C.-based investment firm focused on the global communications sector. For more information, visit www.summitbb.com.

About Grain Management

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

Contacts:

Grain Management Public Relations

PR@graingp.com

 

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