GTCR, a private equity firm, has completed its previously announced acquisition of Vyve Broadband through GTCR's portfolio company Mega Broadband Investments, a partnership with CEO Phil Spencer. The deal was first announced in July.
Founded in 2012, and operationally headquartered in Shawnee, OK, Vyve provides high-speed data, video and voice services to residential and business customers in rural markets in Oklahoma, Kansas, Texas, Arkansas, Louisiana, Tennessee, Georgia and Wyoming. The Vyve acquisition doubles MBI's rural footprint.
Vyve represents the third acquisition for MBI, following the previously completed acquisitions of Northland Communications in October 2018 and the broadband assets of Eagle Communications in August.