AerioConnect Acquires Metro Fiber

December 17, 2020

AerioConnect Acquires Metro Fiber

https://www.businesswire.com/news/home/20201217005217/en/AerioConnect-Acquires-Metro-Fiber

(BUSINESS WIRE) Los Angeles, California – AerioConnect, LLC (“Aerio”), backed by M/C Partners, announces the acquisition of Metro Fiber LLC, a Los Angeles (LA) based Internet Service Provider (ISP) to multi-family residential customers in the greater LA market. Metro Fiber has provided Internet, Voice and Video to customers in the market for over ten years and focuses on providing exceptional broadband to HOA communities. The acquisition closed subsequent to M/C Partners acquisition of Aerio on September 30, 2020. Metro Fiber’s customers will continue to enjoy services provided by Aerio.

“In our continued effort to execute our business plan, we are extremely excited to acquire Metro Fiber with its valued customers and partnerships that will add to our depth in the Los Angeles market,” said Ryan Carr, Partner at M/C Partners.

“We are excited for the opportunity to serve our newly acquired Metro Fiber customers and their existing business partnerships. With the support of M/C Partners, the management team at Aerio will continue to focus on continuous evolution of our products and services to grow value for our trusted partners” said Brady Adams, CEO of Aerio.

With the equity infusion from M/C Partners in September, Aerio will continue to expand their current geographic presence through existing partnerships, as well as acquisitions.

About Metro Fiber
Based in Los Angeles, Metro Fiber has provided Internet, Voice and Video for over a decade throughout the metro LA market.

About AerioConnect
Based in Los Angeles, Aerio is a leading provider of Internet, Voice and Video services to the greater Los Angeles market. Aerio serves over 400 multi-family and commercial buildings throughout the LA area. For more information visit https://www.aerioconnect.com/

About M/C Partners
Based in Boston, M/C Partners is a private equity firm focused on small and mid-sized businesses in the communications and technology services sectors. For more than four decades M/C Partners has invested $2.3B of capital in over 140 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. The firm is currently investing its eighth fund, partnering with promising companies and empowering strong leaders to accelerate growth, optimize operations, and build long-term value. For more information visit https://mcpartners.com/

Media Contact for Aerio:
Jovan Borrayo VP – Sales & Marketing
jovan.b@aerioconnect.com
213.221.4652 Los Angeles Office

Zack Halpryn

Zack Halpryn is an Associate at M|C Partners, where he focuses on investment opportunities in the digital infrastructure and technology services sectors. Prior to joining MC, Zack worked at HarbourVest Partners, where he was focused on buyout and growth equity investments. Previously he worked at Performance Equity Management and Credit Suisse. Zack received a B.B.A in Finance (summa cum laude) from the Isenberg School of Management at UMass Amherst. He currently lives in Boston’s West End and in his spare time enjoys playing sports (volleyball, basketball, golf), reading and watching the Celtics.

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2023

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celito

Established in 1999 and based in Raleigh, is a trusted, local communications and managed services provider to businesses leveraging its fully owned fiber network. celito creates technology solutions for businesses across all sectors both large and small. From supplying high-speed Internet service, to providing quality VoIP telecom service, to setting up your office network, they offer turnkey solutions from the desktop to the cloud

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Jason P. Stutman

Jason Stutman is a Senior Fund Accountant at M/C Partners, responsible for the cash management of co-investment vehicles, preparing quarterly financial statements, and communication with Limited Partners. Prior to joining the firm in 2023, Jason worked in the Portfolio Analytics Group at HarbourVest Partners. He earned a BSBA with honors in Finance with a minor in Computer Information Science from The Ohio State University. Jason lives in South Boston and enjoys cheering on Boston sports teams, playing hockey and golf and traveling.

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Cuba Burch Berner

Cuba Burch Berner is an Associate at M|C Partners, where he focuses on investment opportunities in digital infrastructure and technology services. Prior to joining the firm in 2022, Cuba was an Equity Research Associate at Citi covering infrastructure companies within the telecommunications industry, including data centers and wireless towers. He holds a B.S. in Mathematics with a specialization in Economics from the University of Chicago. Cuba currently lives in Boston’s West End and enjoys a myriad of outdoor activities including running, swimming, hiking, and skiing.

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AccentHealth operates an out-of-home advertising network that reaches over 12,000 physician office waiting areas in the U.S. – JOHN WATKINS

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James F. Wade

Jim Wade co-founded M/C Partners in 1986 with Dave Croll. He has been investing in communications and technology services since the advent of wireless and broadband, cornerstones of the firm’s sector focus. As Chairman, he manages the firm’s investment process, and continuously seeks out management teams, company prospects and financial resources to grow the portfolio. Jim’s successful track record includes MetroPCS (IPO), Lightower Holdings (acquired by Berkshire Partners), Cavalier Telephone (acquired by PAETEC), NuVox Communications (acquired by WindStream), Attenda (acquired by Darwin Private Equity), Melita (acquired by Apax Partners), PR Wireless (joint venture with Sprint affiliate in Puerto Rico), Thrive Networks (acquired/recapitalized by Court Square) and Involta (acquired by Carlyle Group). Today he serves as a director on the Board of Connectivity Wireless and has responsibility for Omega Wireless. Jim graduated from the University of Notre Dame a B.B.A in Finance and received an MBA from Harvard Business School. He lives outside Boston with his wife and four children. Jim was an avid boater and is now an average golfer.

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Abhishek Rampuria

Abhishek (A.B.) is a Partner at M/C Partners, where he leads origination, deal diligence and portfolio company support for investments in a variety of communications and technology services segments. He currently serves on the Board of Ascend Technologies, Connectivity Wireless, Edafio Technology Partners, TowerCom and serves as a Board Observer for Thrive Networks. A.B. previously served as a Board Observer for Ensono (acquired by KKR) and QOS Networks (acquired by Zayo). Prior to joining M/C Partners in 2015, A.B. worked at Altman Solon (formerly Altman Vilandrie), a technology, media & telecommunications focused strategy consulting firm, where he completed projects for both operating companies and private equity investors. A.B. received a B.S. in Materials Science & Engineering from the Massachusetts Institute of Technology. He lives in Boston’s South End and outside of work, enjoys skiing, cycling, traveling and cheering on his home-town Patriots and Celtics.

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