Oak Hill Capital to Acquire Majority Stake in Wyyerd from Carlyle
Oak Hill Capital has entered into a definitive agreement to acquire a majority stake in Wyyerd Group Holdings, LLC, a fiber-to-the-premises (FTTP) broadband provider serving Arizona and Southern California. The transaction involves Wyyerd being sold by global investment firm Carlyle (NASDAQ: CG), which will retain a minority interest in the company. The strategic move aims to leverage Oak Hill's specialized expertise in scaling digital infrastructure to accelerate Wyyerd's network expansion. Under Carlyle's ownership since 2021, Wyyerd expanded its network more than twentyfold. The acquisition is expected to close in January 2027, pending regulatory approvals.
Tickers: $CG
Topics: Acquisition Fiber broadband Private equity Telecommunications
Read the full article at PR Newswire
Part of the story A&M Capital Acquires Majority Interest in Delta Group (3 articles)