Point Broadband and Clearwave Fiber Join Forces to Create a Major Fiber Internet Operator

Major Merger in the Fiber Internet Sector

In a significant move for the broadband industry, Point Broadband has officially announced its plans to merge with Clearwave Fiber, a combination that is expected to create one of the largest independent fiber internet operators in the United States. This strategic alliance is projected to enhance the delivery of high-speed internet services across 12 states, effectively serving over 500,000 customers.

Founded in 2017, Point Broadband has made a name for itself by providing high-speed fiber-to-the-premise internet to underserved rural areas throughout the Southeast and Midwest. The new merger comes with substantial backing from prominent private equity firms, GTCR and Berkshire Partners, indicating a resource-rich pathway for future expansion.

On the other hand, Clearwave Fiber emerged from a joint venture in 2022 and has been providing fiber internet solutions to both residential and commercial customers. With its headquarters located in Savannah, Georgia, Clearwave is poised to contribute significantly to the merger, particularly in expanding fiber deployment efforts.

Leadership and Vision

Under the new merger, David Armistead, formerly the CEO of Clearwave Fiber, will take the helm as the combined company's Chief Executive Officer. He will work alongside John Cinelli, the Chair of Point Broadband's Board of Directors and a key figure in the foundation of fiber internet service with his past role as CEO of Metronet. The leadership team is optimistic about the merger’s potential to drive growth and significantly increase market penetration.

“This transaction brings together two complementary fiber businesses,” Armistead stated, emphasizing the importance of increased scale and density to accelerate fiber deployment and improve customer experiences. The vision that the merged company is aiming for includes reaching over one million customers in the near future through organic growth strategies and mergers and acquisitions.

An Eye on Growth

As confirmed by Cinelli, the consolidation is set to lead the charge in enhancing fiber network connectivity across their operational footprint. By pooling resources, skills, and insights, the combined entity is preparing to expand more aggressively in markets that have historically lacked top-tier internet services.

Investors are also quite optimistic about the merger. Stephen Jeschke from GTCR highlighted how the expertise of both companies positions them well for sustainable growth and enhanced connectivity. Meanwhile, Drew Walker of Berkshire Partners shared enthusiasm for collaborating with experienced leadership to enhance internet access and customer service in underserved communities.

Regulatory Path Ahead

The transaction is set to close in the first half of 2026, pending regulatory approvals and standard closing conditions. The merger promises a robust future for both consumers and businesses in rural and underserved regions that depend on reliable internet access. This consolidation could serve as a model for further industry mergers aimed at improving connectivity across the United States.

Conclusion

As Point Broadband combines forces with Clearwave Fiber, the landscape of fiber internet services is poised for transformation. This merger highlights the importance of growth strategies that not only focus on business expansion but also prioritize enhancing customer experiences. With the backing of seasoned private equity firms and strategic leadership, the merged entity looks set to lead the way in delivering superior broadband services to communities that have long been in need.

For more details, visit the websites of Point Broadband and Clearwave Fiber, and stay tuned for the impacts this merger will have on the fiber internet market.