Summit Broadband

Summit Broadband, a prominent fiber-optic telecommunications provider in Florida, has secured an additional $100 million in debt financing through an expanded term facility with Brookfield Asset Management.

This strategic investment is set to accelerate the company's expansion of its residential and commercial fiber network across the state.

Since its inception in 1994, Summit Broadband has been delivering high-speed internet, voice, and video services to both residential and commercial customers. The company also offers ethernet and dark-fiber transport services to enterprise, carrier, and wholesale clients. Operating its own fiber-optic network spanning approximately 5,000 route miles, Summit Broadband serves a diverse range of industries and communities throughout Florida.

In 2023, Grain Management, a global investment firm specializing in broadband and digital infrastructure, appointed industry veteran Kurt Van Wagenen as CEO of Summit Broadband. Under his leadership, the company has made significant investments to expand its leadership team, upgrade its extensive fiber network, enhance customer experience, and introduce innovative products. These initiatives have been implemented while improving profitability and achieving revenue growth.

The recent $100 million funding from Brookfield Asset Management, a leading global alternative asset manager with over $1 trillion in assets under management, will enable Summit Broadband to further enhance services for existing customers and expand its network footprint. This expansion aims to solidify the company's position as a leading provider of high-performance connectivity solutions in Florida.