GI Partners, a leading investor in data infrastructure businesses, has closed a deal to welcome Sixth Street, a leading global investment firm, as a strategic investor in Blue Stream Fiber. The transaction provides Blue Stream Fiber with additional resources to expand as it continues to provide leading fiber-optic connectivity services to residential and commercial customers.
Headquartered in Coral Springs, Florida, Blue Stream Fiber provides 10 gigabit broadband, as well as video and voice services, over state-of-the-art fiber-optic networks to housing associations and neighborhoods under long-term, contracted bulk service agreements. Since GI Partners’ acquisition of Blue Stream Fiber in 2020, the Company has grown rapidly throughout Florida, with a focus on providing best-in-class services and customer experience. The investment by Sixth Street will support growth in Blue Stream Fiber’s existing markets, expansion to additional geographies across the country, and strengthen Blue Stream Fiber’s commitment to providing excellent customer service.
GI Partners will continue to hold a majority stake in the Company.
“Blue Stream Fiber’s customer experience is the foundation of what makes us unique in the fiber-to-the-home space. Through our partnership with GI Partners and Sixth Street, we will build upon our 45-year history and take our first steps towards our national expansion plans,” said Joe Canavan, Chief Executive Officer of Blue Stream Fiber.
“We are pleased to support Blue Stream Fiber’s relentless focus on delivering highly reliable, cost-effective connectivity solutions to residential and commercial customers, and we’re excited to partner with Blue Stream Fiber’s management team and GI Partners to support the Company through this next phase of growth,” said Bornah Moghbel, Co-Founder and Partner of Sixth Street.
“We are very proud of all that the Blue Stream Fiber team has accomplished since beginning our ownership in 2020 and are looking forward to our new partnership with Sixth Street,” said Mark Prybutok, Managing Director and Co-Head of GI Partners Data Infrastructure.