Zayo Group Holdings Inc. has closed its acquisition of Indiana Fiber Network LLC d/b/a Intelligent Fiber Network, a fiber connectivity provider serving multiple markets in Indiana.
“IFN brings to Zayo a high-quality network, a strong team and a sharp focus on delivering exceptional service to its customer base,” said Matt Steinfort, chief financial officer, Zayo. “Together, we have the opportunity to leverage our combined and complementary assets to achieve regional scale and drive growth.”
Zayo is a provider of bandwidth infrastructure, with dense, high-quality networks across North America and Western Europe.
This is Zayo’s 46th acquisition and its first under a private ownership consortium led by EQT Partners and Digital Colony Partners.
Skadden Arps served as legal counsel to Zayo in connection with the transaction. Houlihan Lokey and Stifel acted as financial advisors to IFN, and Dentons Bingham Greenebaum served as its legal advisor.