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Bank Street Group served as exclusive financial advisor to BestWeb in conjunction with this transaction. Morgan, Lewis & Bockius LLP acted as legal counsel to FirstLight.
FREMONT, CA: FirstLight, a provider of fiber-optic data, data center, cloud computing Internet, and unified communications services to the enterprise as well as carrier customers throughout the Northeast and mid-Atlantic, declared today that it completed its acquisition of BestWeb.
This transaction improves FirstLight's capabilities in Westchester, Rockland, Putnam, and Dutchess counties and deepens its existing fiber network across the lower Hudson Valley.
"We are pleased to have successfully concluded this transaction," stated Kurt Van Wagenen, President, and CEO of FirstLight. "The BestWeb network builds upon our previously announced network expansion into this region by adding approximately 170 route miles of fiber and builds upon our collective success serving K-12 schools under the federal e-rate program."
BestWeb, based in Westchester County, New York, is a facilities-based service provider providing data, Internet, and telephone services to organizations and businesses. In addition to private entities, BestWeb offers service to over 30 public school districts in Westchester, Putnam, Rockland, and Dutchess counties.
"Over the past 25 years, we have built a successful business and a fiber network that spans approximately 170 miles in lower Hudson Valley serving our customers with the broadband services that are core to support their business objectives.
Now as part of FirstLight, our network and capabilities will be more fully leveraged to continue to serve our clients with a more expansive network reach and broader portfolio of services," stated Mark and Andrew Dickey, the co-owners of BestWeb.
This was the sixth transaction that privately-held FirstLight declared since being acquired by Antin Infrastructure Partners in 2018. Antin offers the support and guidance necessary to support FirstLight's impressive growth.
With the transaction now approved, FirstLight will kick off integration activities, including the best practices of each organization, to enhance FirstLight'scenters of customer support and excellence.
Bank Street Group served as exclusive financial advisor to BestWeb in conjunction with this transaction. Morgan, Lewis & Bockius acted as legal counsel to FirstLight.
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