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General

Xplornet confirms acquisition by Stonepeak

Friday 28 February 2020 | 09:00 CET | News
Xplornet Communications has confirmed its acquisition by Stonepeak Infrastructure Partners but did not disclose any financial details. The parties have signed a binding agreement for the private equity firm to buy a controlling stake in the Canadian rural internet provider. Current chairman of the board Steve Weed, and his fund WaveDivision Capital, will remain material investors in the business. The transaction, subject to the usal approval, should close over the coming months. and is expected to close in the coming months.

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Categories: General
Companies: Cologix
Countries: Canada
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