Archtop Fiber Secures Nearly $200 Million for Northeast Expansion
Deal News | Apr 18, 2025 | Troutman Pepper Locke, LLP
Archtop Fiber, supported by Troutman Pepper Locke, has closed nearly $200 million in new capital through a credit facility led by Monroe Capital. These funds will fuel Archtop's rapid expansion of its fiber internet and phone services in the Northeast US. The company is a portfolio unit of Post Road Group, which specializes in digital infrastructure investments. This capital influx positions Archtop to immediately implement its growth strategy and prepares it for subsequent funding ventures. Troutman Pepper Locke's financial team played a crucial role in facilitating this deal and has a proven track record in supporting financial services operations.
Sectors
- Digital Infrastructure
- Financial Services
Geography
- Northeast United States – Archtop Fiber is expanding its internet and phone services across the Northeastern US, making this region critical to the article's context.
- Chicago, United States – The credit facility was led by Monroe Capital, which is based in Chicago.
Industry
- Digital Infrastructure – The article focuses on growth capital and market expansion for fiber internet and phone services, which are core components of digital infrastructure.
- Financial Services – Involvement of Troutman Pepper Locke in facilitating a large deal signifies their role within the financial services industry.
Financials
- $200 million – Amount of new capital secured by Archtop Fiber through the credit facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Archtop Fiber | Target | Company | Provider of multi-gig, 100%-fiber internet and phone service in the Northeast. |
| Troutman Pepper Locke, LLP | Legal Advisor | Company | Legal firm that represented Archtop Fiber in securing the credit facility and acquisitions. |
| Monroe Capital | Credit Facility Provider | Company | Chicago-based firm that led and agented the credit facility for Archtop Fiber. |
| Post Road Group | Private Equity Firm | Company | An alternative asset manager; Archtop Fiber is a portfolio company of this firm. |