Everstream Closes Lynx Network Group Acquisition
CLEVELAND–February 1, 2017–Everstream, a superregional fiber-based network service provider, announced today that it has completed the previously announced acquisition of Lynx Network Group, a Kalamazoo, Michigan-based provider of bandwidth infrastructure services.
“In the last year, Everstream has grown our customer base and human capital, solidified multimillion-dollar investments, and now acquired two companies that have extended and further strengthened our network,” said Brett Lindsey, president and chief executive officer, Everstream. “We are excited to continue to grow strategically and deliver for the markets we serve.”
With this transaction, Everstream continues to execute its growth strategy across the Midwest region. Situated in the heart of Everstream’s existing Michigan footprint, the Lynx acquisition increases the density of Everstream’s existing fiber routes and expands their customer base to additional enterprise businesses, carriers and partners.
Everstream’s service area reaches from Cleveland north to Detroit, Lansing and Grand Rapids, Michigan, west to Milwaukee, Wisconsin, south to Chicago, South Bend, Indiana, and Columbus, Ohio, before ending back in Cleveland.
Everstream’s network services more than 1,700 buildings, connects enterprise businesses to 28 data centers and 250 towers, and provides 24/7 customer support from its network operations centers in Michigan and Ohio.
Cowen and Company, LLC served as the exclusive financial advisor to Lynx Network Group in connection with this transaction.
Everstream is a superregional network service provider bringing fiber-based Ethernet, internet and data center solutions to businesses throughout the Midwest. We focus on delivering best-in-class network solutions while providing an unrivaled commitment to customer service. With more than 9,500 miles of fiber across five states and comprehensive data center connectivity at 100 Gigabit speed, we provide the fastest network in our service areas. Everstream’s network allows businesses to operate a converged IP network capable of delivering robust voice, video, and data services at speeds from 10 Mbps to 100 Gbps. For more information, visit everstream.net.