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InstarAGF Asset Management Completes Acquisition of LS Networks

By CIOReview | Friday, April 9, 2021

The latest partnership with best-in-class digital leader establishes InstarAGFs connectivity platform.

FREMONT, CA: InstarAGF Asset Management completes its previously announced acquisition of LS Networks (the Company), a pioneering fiber-optic bandwidth infrastructure services provider in the Pacific Northwest, a collective of Oregon rural electric cooperatives. The firm's present management team will continue to lead the business, headquartered in Portland, Oregon.

Communities across North America face a large gap in fiber and broadband services, which massively impacts the economic potential and potential to nurture human connection. The firm is delighted to partner with a company that shares our commitment to people and communities, using the potential of digital infrastructure to promote quality of life and economic prosperity.

This acquisition represents an interesting phase of growth and connectivity for the LS Networks family. In collaboration with InstarAGF and with the customers' help, the Company will continue to expand the network and service offering, offer high-quality solutions and connect underserved communities.

LS Networks offers essential digital reliability, quality, and potential to large and small commercial and individual consumers in rural and urban communities to help business growth and sustainability. The firm's carrier-grade network comprises over 7,000 route miles of fiber and extended reach throughout the Pacific Northwest, serving national and international carriers, ISPs, data centers, schools, governments, healthcare firms, and businesses. LS Networks also offers Ethernet and dark fiber transport to towers, with existing connectivity to more than 500 on-net towers, with near-net proximity to 800 towers throughout the region.

The financial terms of the transaction is not revealed. LS Networks was advised on the transaction by Stifel and Davis Wright Tremaine LLP. InstarAGF was advised by Wells Fargo Securities, LLC and DLA Piper LLP.