M/C Partners was a founding investor in Zayo, a fiber network consolidation platform, formed in 2007 to consolidate underdeveloped regional fiber assets throughout the United States. Operating at a relentless pace, the Zayo management team succeeded in identifying, integrating, and significantly improving the operating margins of its 30+ acquisitions. Driven by the team’s operating expertise, Zayo became the largest pure play broadband infrastructure provider in the United States.
How we added value
From 2007 to 2014, Zayo became an expert in rapid, efficient integration and amassed a sizable asset base: 81,000 route miles of fiber connecting more than 16,000 buildings including 37 data centers in 308 markets worldwide. In October 2014 the company completed a very successful IPO that valued the company at ~$5 billion.