Unite Private Networks (UPN), a Kansas City, MO-based provider of high-bandwidth, fiber-based communications networks and related services, received a strategic investment of undisclosed amount.
Backers included Cox Communications, Ridgemont Equity Partners and the company’s management. Following the deal, UPN will be led by its existing management team and operate as a stand-alone business within the Cox family of companies.
The company intends to use the funds to expand among among enterprise businesses.
Led by Kevin Anderson, CEO, Unite Private Networks provides high-bandwidth, fiber-based communications networks and related services to schools, government, carriers, data centers, hospitals and enterprise business customers.
UPN operates a 6,200 route mile fiber network that connects to 3,750 on-net buildings across 20 states, primarily in the central United States.
The transaction is subject to customary regulatory approvals and closing conditions.