Grain Management Completes Merger Creating Rightfiber
Grain Management has completed the strategic combination of Ritter Communications and Great Plains Communications to form Rightfiber. The new company is now one of the largest privately held fiber broadband platforms in the U.S., serving over 400 communities across 20 states with a network spanning more than 28,000 miles. Rightfiber aims to accelerate fiber expansion while maintaining local service and customer relationships. It has secured a $1.6 billion credit facility led by Fifth Third Bank to support future growth through organic development and potential mergers or acquisitions. The merger is expected to enhance capabilities for residential customers, businesses, carriers, hyperscalers, and community partners. Grain Management, which backed both companies' previous investments in fiber infrastructure, sees the combination as a stronger platform for continued investment and expansion across its growing footprint.
Tickers: $FITB
Topics: broadband infrastructure mergers and acquisitions telecommunications