Q Advisors Represents MidAtlantic Broadband in the Acquisition of its Missouri Assets by Rise Broadband, a Portfolio Company of GI Partners

Rise Broadband, a leading provider of broadband services across 16 states, today announced it has acquired MidAtlantic Broadband’s 100% fiber-to-the-home broadband/internet business in Missouri. Operating under the Yondoo Broadband brand, MidAtlantic Broadband’s business in Missouri adds almost 10,000 residential and commercial locations across eight markets in the eastern part of the State.

"We hired Q Advisors because of their people. We knew they had the industry experience and knowledge required to manage the sale of MidAtlanticBroadband’s broadband networks in Missouri. Their go-to-market profile of our company positioned us well. Their relationships with potential buyers also created the type of market interest you would want to see in this type of process. The talented Q Advisors team ran a timely process and guided us smoothly through the inevitable challenges all the way to closing. We are very pleased with the outcome and look forward to working with Q Advisors in the future." John Long, COO/CFO, MidAtlantic Broadband

“We’re very excited to welcome Yondoo’s broadband customers and employees to Rise Broadband,” said Jim O’Brien, Chief Executive Officer of Rise Broadband. “Our mission at Rise Broadband is to provide high-speed quality broadband service to unserved and underserved communities across the U.S. We take pride in being active, long-term partners in the local communities we serve – enabling economic growth through the connectivity we provide. We are excited to enter the Missouri market and to continue investing in providing broadband solutions across the state.”

With this acquisition, Rise Broadband will now provide service in the cities of Kahoka, Canton, La Grange, Bowling Green, Elsberry, Potosi, Belle, and Bland in Missouri. 100% of homes passed are serviceable with fiber-optic service.

“We are excited to support Rise Broadband’s continued growth with this high-quality asset that furthers our geographic expansion,” added Emily Azer, Director of GI Data Infrastructure and Bill Glennon, Principal of GI Data Infrastructure. “Since our acquisition in February 2023, Rise Broadband has been rapidly expanding its footprint through the deployment of new fiber-to-the-home networks and through the upgrade of its hybrid fixed wireless infrastructure.”

Davis Graham & Stubbs acted as legal counsel to Rise Broadband. Q Advisors acted as exclusive financial advisor to MidAtlanticBroadband and Foster Garvey acted as legal counsel.

About MidAtlanticBroadband

MidAtlanticBroadband provides planning, installation, and maintenance services for a broad range of next generation infrastructures such as structured cabling, fiber optic distribution plant to wireless networks to cable television plant. Additionally we offer clients unsurpassed expertise in integrated networking solutions such as routers, switches, and U.S. military secured applications. Additional information at www.midatlanticbb.com. 

About Rise Broadband

Rise Broadband is on a mission to connect communities to the world. Rise Broadband offers affordable and reliable high-speed Internet and phone services across Texas and 15 other states. Founded in 2006, Rise Broadband builds on its legacy of superior customer service by offering fast and contract-free connections via its Fixed Wireless or Fiber Internet networks. Ranked the country’s best rural internet service provider by CNET and Rolling Stone Recommends. Additional information is available at www.RiseBroadband.com.

About GI Partners

Founded in 2001, GI Partners is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $43 billion in capital and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity strategy invests primarily in companies in the healthcare, services and software sectors.

The real estate strategy focuses primarily on technology and life sciences properties as well as other specialized types of real estate. The data infrastructure strategy invests primarily in hard asset infrastructure businesses underpinning the digital economy.

For more information, please visit www.gipartners.com.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multinationals in the telecom, media, and technology (TMT) sectors. Our team of 30 professionals, located in Denver and Munich, possess an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry. More information at www.qllc.com.