#USA #Medford #Fiber-Optic Internet #Hunter Communications #Oak Hill Capital

Oak Hill Capital's Acquisition of Hunter Communications

Introduction
In a significant move within the telecommunications sector, Oak Hill Capital, a prominent middle-market private equity firm, has announced its acquisition of Hunter Communications, the largest privately owned fiber-optic internet provider in Oregon. This strategic investment aims to support Hunter in its expansion plan for fiber-to-the-premises (FTTP) networks, which will enhance internet connectivity for residents and businesses across Oregon and Northern California.

About the Companies
Hunter Communications, founded in 1994 and headquartered in Medford, Oregon, provides comprehensive fiber-optic internet services. With a robust network spanning over 3,000 route miles and reaching approximately 100,000 locations, Hunter has established itself as a provider of reliable, high-speed internet. The company serves more than 25,000 customers, delivering symmetrical multi-gig speeds while maintaining low latency and high network availability.

On the other hand, Oak Hill Capital boasts an impressive history of investing in digital infrastructure, having been involved in the broadband and communications sphere for over three decades. This acquisition of Hunter marks the firm’s 22nd investment in broadband communications, coinciding with a growing demand for high-speed broadband services in tier II and tier III markets.

Strategic Benefits of the Acquisition
The partnership between Oak Hill and Hunter is set to accelerate the enhancement of Hunter's fiber network capabilities. It aligns perfectly with Hunter's vision of extending its service excellence and growth trajectory. Michael Wynschenk, CEO of Hunter Communications, expressed enthusiasm about the partnership, noting that Oak Hill's extensive experience in scaling FTTP networks makes them an ideal collaborator. He stated, "We are excited to partner with Oak Hill, whose long-standing commitment to building leading broadband businesses aligns with Hunter's vision for continued growth and service excellence."

Oak Hill Capital Principal, Jeff Butler, echoed this sentiment, highlighting the potential for network expansion in the Pacific Northwest, a region ripe with opportunity for increased broadband access. By leveraging Oak Hill's investment and expertise, Hunter aims to enhance its service offerings and expand its fiber footprint further.

Financial Dynamics and Industry Impact
While financial terms of the acquisition remain undisclosed, the deal signifies a strong commitment by Oak Hill to bolster regional fiber services amid increasing consumer demand for high-speed internet. Moreover, the transaction will also facilitate Grain Management’s exit from its stake in Hunter Communications. Grain had previously played a crucial role in Hunter’s development into a leading fiber provider, ensuring a successful transition as Hunter embarks on this new chapter under Oak Hill’s guidance.

With Oak Hill's portfolio now consisting of eight FTTP platforms operating across 35 states, passing roughly five million locations, the expansion speaks to the increasing focus on improving and investing in fiber networks nationwide. This acquisition also falls in line with Oak Hill's broader strategy of enhancing essential services and digital infrastructure, implementing a systematic approach to identifying growth opportunities within the industry.

Conclusion
As Hunter Communications prepares for its next phase of evolution, the partnership with Oak Hill Capital represents a pivotal moment in the quest to deliver high-speed broadband services to underserved markets. With shared goals of connectivity and community service, both companies are poised to make a significant impact on the fiber-optic landscape in the Pacific Northwest. The future of internet accessibility is bright, as Oak Hill helps Hunter expand its network and fulfill its mission of delivering vital connectivity to thousands more homes and businesses.

About Oak Hill Capital
Established over 40 years ago and headquartered in New York City, Oak Hill Capital specializes in investing in resilient, defensive growth-oriented businesses. Its substantial history includes over 115 investments amounting to more than $25 billion, focusing on digital infrastructure and essential services.

About Hunter Communications
Hunter Communications remains committed to providing quality fiber connectivity and exceptional service to communities in Oregon and Northern California. Its reputation for reliability and performance continues to set the standard for internet services across the region.