Private equity firm Grain Management LLC has completed its acquisition of Great Plains Communications, the largest privately-owned telecom provider in Nebraska. Terms of the Grain Management Great Plains Communications acquisition were not disclosed.
Great Plains is a triple play provider serving more than 90 communities in Nebraska. Business services include voice and data, installation and support of business networks. Great Plains also serves carriers and wholesale companies and operates a regional fiber network in the Midwest which spans approximately 9,500 route miles, with 300 route miles in Omaha.
“Grain’s expertise and deep industry experience make this acquisition very positive for our company as well as our customers and the communities we serve,” Great Plains Communications CEO Todd Foje said in a press release. “Their proficiency will allow us to further expand our fiber footprint in Nebraska and throughout the region, while also providing enhanced services for our customers. We are excited to begin this journey with our new partners.”
The Grain Management Great Plains Communications acquisition was initially announced in June.
“Great Plains Communications has an impressive network footprint and is known for over a century of innovation and integrity,” said Grain Management Founder and CEO David Grain. “The fiber network is high quality and diverse, and the management team is poised and ready to improve and expand. These traits make Great Plains Communications a company Grain is excited to have in its portfolio of investments. We see great things ahead.”
Closing of this deal highlights increasing M&A activity for fiber-rich regional network players. Several deals have been announced in 2018, with both domestic and foreign private equity firms participating.