Fiber Optic

Florida fiber broadband provider Blue Stream Fiber has added an investor, Sixth Street, in a deal put together by its owner, GI Partners.

Blue Stream, which is headquartered in Coral Gables, Florida, provides all-fiber 10 Gbps broadband, video and voice to housing associations and neighborhoods under long-term contracted bulk service agreements. It was acquired by GI Partners in 2020.

Though the press release says that the company has grown rapidly in Florida, the investment is expected to help “expansion to additional geographies across the country” as well as in its existing markets. The investment also will be used to strengthen the company’s customer service.

GI Partners will continue to hold a majority stake in the country.

“Blue Stream Fiber’s customer experience is the foundation of what makes us unique in the fiber-to-the-home space. Through our partnership with GI Partners and Sixth Street, we will build upon our 45-year history and take our first steps towards our national expansion plans,” Blue Stream Fiber CEO Joe Canavan said in a prepared statement.

Both GI Partners and Sixth Street are investment firms. GI Partners has raised more than $42 billion. It works with institutional investors in private equity, real estate and data infrastructure. Sixth Street has more than $75 billion in assets under management and committed capital.

Last April, Blue Stream Fiber said it had entered a partnership with the retirement community of Solivita in Kissimmee, FL that would provide FTTH services to more than 10,000 residents as well as the community’s common areas. .

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