FirstLight Completes Acquisition of Finger Lakes Technologies Group
September 20, 2017
Successful transaction further establishes FirstLight as a leading provider of fiber-based infrastructure services in the Northeast
FirstLight, a leading fiber-optic bandwidth infrastructure services provider operating in the Northeast, announced today that it has completed the acquisition of Finger Lakes Technologies Group (“FLTG”). This latest acquisition is just one of several that FirstLight has successfully completed during the last twelve months, as FirstLight acquired and combined operations with both Oxford Networks and Sovernet Communications and also announced the acquisition of 186 Communications, which is pending regulatory approval. Financial terms of these transactions were not disclosed.
The acquisition of FLTG further positions FirstLight as a leading fiber-based communications provider offering a complete portfolio of data, Internet, data center, cloud, and voice services throughout the Northeast. FLTG’s privately-owned fiber-optic network, which spans nearly 2,500 route miles in New York and Pennsylvania, along with its employees and complete set of communications services, including its status as a premier Cisco partner, will be combined with FirstLight to create a more robust network and an even stronger organization better able to continue to meet the communications needs of its customers.
“This is an exciting development for FLTG, our customers, and our employees. FirstLight is highly regarded for its strong, longstanding relationships with customers due to its quality fiber network, expertise, responsiveness, flexibility, and innovation. Combining our operations with FirstLight represents a new chapter in continuing this excellence, and brings forth even more capabilities for our customers,” said FLTG President and CEO Paul H. Griswold. “We look forward to a successful future with FirstLight, and are grateful for the opportunities this transaction creates for all involved.”
“2017 has been a momentous year for FirstLight. Following the successful acquisitions of Oxford Networks and Sovernet Communications, the FLTG transaction is yet another positive step forward for the company that accelerates our long-term growth objectives to increase fiber density and continually enhance our capabilities to the benefit of our enterprise and carrier customers,” commented Kurt Van Wagenen, President and CEO of FirstLight.
“The acquisition of FLTG, a company which has an admirable track record of achievement, marks another successful development for FirstLight,” said Scott Baker and Benjy Diesbach, Partners at Oak Hill and members of the FirstLight Board of Directors. “FLTG’s deep fiber network throughout New York state and its impressive product set should further propel FirstLight’s growth and add value for the combined companies’ customers. We are excited by the momentum that these transactions create for FirstLight.”
PR Archives: Latest, By Company, By Date