The company is a fiber to the home (FTTH) internet service provider operating on the fringe of rural and two rapidly expanding cities in the Southeast US. The company’s network uses 100% underground fiber optic cables. Additional services include voice over internet protocol (VoIP) phone services

Key Aspects

Access to one of the fastest-growing regions in the Southeast US
The company’s revenue and adjusted EBITDA have compound annual growth rates (CAGRs) of 9.7% and 26.1%, respectively
The company’s average gross profit margin is 63.1% from 2018 to 2021
The company’s revenue grew 11.2% from 2020 to 2021
Access to underground fiber optic cables and regeneration stations
The company is a competitive local exchange carrier (CLEC) in a Southeast US state
Excellent customer support and company reputation

Opportunities

Leverage the existing fiber optic network to expand into new subdivisions coming into its footprint
Two new subdivisions currently under development within the current service area
Expand service offerings into rural large acreage lots which are being subdivided for new home construction
Utilize past successful federal government funding experience to secure funding from the $64 billion Bipartisan Infrastructure Bill (BIB)

Headquartered

Southeast US

Current Markets

The company serves rural subdivisions and commercial customers in the Southeast US.

Real Estate

The company operates from a 3,269 sq. ft. facility leased from an affiliated entity. The company also has three fiber optic regeneration hubs in which the company has permanent easements. The real estate can be included in the sale.

Shareholder Objectives

Ownership consists of five shareholders. Three are active in the business, while the remaining two are silent. Active shareholders are willing to stay with the company for a transitionary period following a sale

Benchmark International

Benchmarks Exclusive Opportunities

Rapidly Expanding Rural Fiber to the Home Internet Service Provider – BN000039237

Rapidly Expanding Rural Fiber to the Home Internet Service Provider – BN000039237

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