Lakefront Fiber Acquires Everstream Assets in Illinois
Deal News | Jun 02, 2025 | Brown Gibbons Lang and Company (BGL)
Brown Gibbons Lang & Company (BGL) has announced that Lakefront Fiber, LLC has successfully acquired select network assets from Everstream in Illinois. BGL, a renowned independent investment bank specializing in financial advisory services, led the advisory for Lakefront Fiber on this transaction. This strategic acquisition by Lakefront Fiber marks a pivotal expansion aimed at enhancing its network capabilities and market reach in the telecommunications sector. The financial terms of the deal have not been disclosed.
Sectors
- Telecommunications
- Investment Banking
Geography
- United States – The transaction involves network assets in the state of Illinois, USA.
- Illinois – Specific mention of acquiring assets in Illinois highlights the local impact and relevance.
Industry
- Telecommunications – The acquisition involves network assets, indicating a focus on telecommunications infrastructure.
- Investment Banking – Brown Gibbons Lang & Company provided advisory services, a role typical within the investment banking industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lakefront Fiber, LLC | Bidding Company | Company | Lakefront Fiber, a company looking to expand its telecommunications infrastructure through this acquisition. |
| Everstream | Selling Company | Company | Everstream is the company selling select network assets to Lakefront Fiber. |
| Brown Gibbons Lang & Company (BGL) | Financial Advisor | Company | BGL is an independent investment bank and financial advisory firm advising Lakefront Fiber in this transaction. |