Everstream, a Cleveland-based business-only fiber network, today announced it has completed its acquisition of Rocket Fiber in Detroit. The purchase of the internet service provider was announced in late February. Details of the transaction were not disclosed.
Everstream says it now has coverage in all major Michigan markets, and the acquisition rounds out an expansive fiber footprint in greater Detroit. With the deal’s close, Everstream has added 41 route miles to its network and access to more than 5,000 businesses. Rocket Fiber residential services will continue uninterrupted under the Rocket Fiber brand.
The expanded network also includes direct connection to Everstream’s existing fiber network infrastructure in Michigan and its other Midwest markets; connectivity to four data centers in the Detroit area, with access to more than 32 additional data centers and growing across the Midwest; and offices in downtown Detroit with local team members.
“Everstream’s acquisition of Rocket Fiber gives us an even stronger footprint in Michigan and, as we continue to grow, our Detroit customers now have direct access throughout the Midwest thanks to the Everstream network,” says Brett Lindsey, president and CEO of Everstream. “Detroit businesses will continue to experience high-capacity, low-latency connectivity services, and we’re excited to partner with new and existing customers to help them scale.”
The closing is in addition to the company’s recently announced $250 million commitment to build new fiber infrastructure across the Midwest. In 2020, Everstream plans to expand into five new markets, hire 100 new employees, and reach its goal of 15,000 route miles of fiber deployed across the Midwest.
Everstream’s network delivers fiber services including dedicated internet access, dark fiber, Ethernet, and data center solutions. Its network offers direct peering with all major carriers and cloud hyperscalers as well as high-speed, low-latency connections, converged internet, and voice and data services at speeds of up to 100 Gbps. It currently has more than 13,000 route miles of fiber.