Bloomfield Hills-based private equity firm O2 Investment Partners has announced its investment in the wireless internet provider unWired Broadband based in Fresno, Calif.
The company works with more than 22,000 customers, providing them with fast and reliable wireless internet to rural and underserved areas in California’s Central Valley. To support growth and success from the investment in unWired Broadband, O2 Investment Partners will partner with unWired Broadband’s management team.
“We are very excited to partner with Pete, Craig, Garrett, John and the rest of the unWired team,” says Jimmy Frye, senior associate at O2. “The fixed wireless market is going through rapid transformation due to the continued surge in demand for broadband internet services, especially in rural areas.”
“UnWired is uniquely positioned to serve these communities by offering a fast, cost-effective internet solution to locations where optical fiber and cable options are not available. Pete and the unWired team have built a great business, and we are eager to work together to execute our shared growth strategy.”
UnWired Broadband, is led by Peter Sorensen, Craig Demanty, Garrett Burbidge, and John Weigand has more than 167 network towers covering an area of over 14,000 miles, providing high-end and reliable service to areas that typically lack access.
“We continue to be excited about the next stage of growth with O2. We have built a tremendous team and we all remain committed to providing carrier-grade internet services to our growing and loyal customer base,” says Peter Sorensen, president of unwired. “We also have a strategic plan to expand our service offerings and geographic reach through targeted M&A and investments in our team. Our company is poised to scale, and we believe O2 is the right partner to help us achieve our goals.”