Surf Internet, an Elkhart, Indiana-based fiber-optic internet service provider, raised $100M in Debt funding.
The financing was provided by DigitalBridge Credit, a division of DigitalBridge Group, Inc. (NYSE: DBRG). The debt raise came alongside significant equity investment from the Company’s existing sponsors Bain Capital and Post Road Group, and management team.
The company intends to use the funds to expand its network into over 60 markets while strengthening its multigig capabilities.
Led by CEO Gene Crusie, Surf Internet provides predominantly fiber-based, high-speed broadband to residential subscribers, businesses, educational institutions, and municipalities across Indiana, Illinois, and Michigan. Surf now serves over 27,000 customers across 45 markets in Indiana, Illinois, and Michigan.
The company has a team of 140-plus people in Elkhart, and other offices in La Porte, Ind., Byron Center and Fowlerville, Mich., and Coal City and Rock Falls, Ill.
FinSMEs
09/02/2023