M/C Partners Announces Significant Growth Capital Investment in Everywhere Wireless

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M/C Partners Announces Significant Growth Capital Investment in Everywhere Wireless, Chicago’s Preeminent Internet Service Provider

BOSTON, MA July 14, 2021

M/C’s investment will accelerate Everywhere Wireless’ next stage of growth and innovation, as it continues to take market share from Comcast, AT&T and the other Chicagoland incumbents.

A Boston-based communications and technology focused private equity firm announced an investment in Everywhere Wireless, one of the largest private Internet Service Providers to multi-family and commercial clients in Chicago and its suburbs. The company provides Internet connectivity to over 60,000 active users and nearly 800 buildings, including some of the most iconic properties in Chicago.

“The company’s unrelenting focus on customer experience and network quality is best in class in Chicago, and we believe Everywhere Wireless’ continued success will change the competitive landscape in the region.”Tweet this

“We’ve grown significantly over the past few years and adding M/C as our partner will bolster this growth while ensuring every customer continues to have an exceptional experience as we continue to scale,” said Keegan Bonebrake, Founder and CEO. Bonebrake added, “We are excited for this next chapter of Everywhere Wireless as this capital will allow us to pursue additional growth opportunities including regional expansion, expanded product offerings and potential acquisitions. With the support and experience that M/C brings to the table, we will have the opportunity to change the way even more people experience and interact with their Internet Service Provider. We are thankful to our incredible Chicago-based team and the consistent support we have received from devoted development partners, property managers, and customers.”

Everywhere Wireless is aggressively expanding into new markets. The company recently expanded into several Chicago suburbs, including Naperville, Schaumburg, Arlington Heights, Elmhurst, Oak Park, Evanston, Itasca, among others. “The M/C investment will allow us to increase hiring and further invest in our network and products, to continue to improve the overall consumer experience,” Bonebrake said.

Ryan Carr, Partner at M/C Partners commented, “The investment in Everywhere Wireless is an exciting partnership with one of the fastest growing and highest rated Internet providers in the country. We are thrilled to collaborate with the Everywhere Wireless team and accelerate their efforts to establish the preeminent residential and commercial broadband provider in the region.”

Brian Clark, Managing Partner at M/C Partners, added, “The company’s unrelenting focus on customer experience and network quality is best in class in Chicago, and we believe Everywhere Wireless’ continued success will change the competitive landscape in the region.”

About Everywhere Wireless

Since its launch in 2012, Everywhere Wireless has grown to become the leading provider of Gigabit Internet to multi-family buildings and businesses across Chicagoland. The Internet-only company offers access to revolutionary, lightning-fast Internet speeds alongside unparalleled reliability, ensuring uninterrupted viewing of streaming services. As the largest independent Internet service provider of Gigabit speeds, the company works with leading brands, including Nike, Google, Amazon, and the Art Institute of Chicago, as well as the leading commercial and residential property developers and managers throughout Chicagoland.

The company has been named Chicago’s Best Overall Internet Service Provider for three consecutive years and guarantees a 99.99% uptime to its customers. Using innovative fixed wireless and microwave technology, the company is able to deliver residential Internet speeds of up to 2,000 Mbps (2 Gigabits) and business speeds up to 10,000 Mbps (10 Gigabits).

Media Contact for Everywhere Wireless:
Keegan J. Bonebrake
contact@everywherewireless.com
(312) 361-0052

ORIGINAL SOURCE: https://www.businesswire.com/news/home/20210714005155/en/MC-Partners-Announces-Significant-Growth-Capital-Investment-in-Everywhere-Wireless-Chicago%E2%80%99s-Preeminent-Internet-Service-Provider

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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2022

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AccentHealth

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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SECTOR

IT SERVICES

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 a founding managing partner, 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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1986

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Connectivity Wireless

 

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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2015

AFFILIATED PORTFOLIO

Thrive Networks

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Ascend Technologies
Connectivity Wireless
Edafio Technology Partners
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