GTCR, a private equity firm, has invested in Visionary Broadband.

The transaction will allow Visionary to invest in the construction of new fiber networks.

“This investment accelerates our commitment to deliver reliable, state-of-the-art gigabit internet where we live, work and play. We do what we say here at Visionary, and this allows us to do even more for both existing and future Visionary customers,” said Brian Worthen, CEO of Visionary Broadband. “GTCR shares our rural broadband focus, and we are excited to partner with them at this essential time for broadband.”

Q Advisors served as financial advisor to Visionary Broadband with Jennifer McDowell at Welborn Sullivan Meck & Tooley, P.C. serving as legal counsel. Kirkland & Ellis LLP served as legal advisor, and PwC served as accounting advisor to GTCR.