Strategic Acquisition
Strengthens South Reach Networks’ Fiber Network Infrastructure in Florida with
the Addition of 120,000 Fiber Mile Network from Jacksonville to Miami,
including Five Colocation Facilities
MIAMI – May 12, 2020 – South Reach Networks, an established Florida
based telecommunications infrastructure provider that constructs, owns and
operates a Metro and Long-Haul Fiber Optic Network and Carrier Class Data
Centers, announces today that it has acquired the Florida-based fiber and
colocation assets of Resurgence Infrastructure Group (Resurgence), the owner and operator of a
contiguous long-haul dark fiber network along the East coast of Florida with
extended reach into Atlanta, Ga. The acquisition of this strategic network
includes over 120,000 fiber miles of available capacity from Jacksonville to Miami,
five neutral colocation facilities, key metro networks in Jacksonville and Boca
Raton, Fla., and direct fiber connectivity to multiple submarine cable landing
stations and data centers throughout the state. The acquisition further
enhances South Reach Networks’ already robust network infrastructure located in
downtown Miami. Financial
terms of the transaction were not disclosed.
Following the sale
of its Florida network, Resurgence will continue to own and operate its
contiguous dark fiber network in Georgia, including 80,000 fiber miles of
available capacity extending from Atlanta to Jacksonville. Resurgence will also
still own approximately 55 miles of fiber from Jacksonville to the northern
Georgia border. The South Reach and Resurgence networks will remain a
contiguous inter-connected network.
The company’s acquisition of this
fiber network and colocation facilities from Resurgence further demonstrates
South Reach Networks’ commitment to augmenting organic growth via strategic
acquisitions. With the acquisition, South Reach Networks expands its total
fiber footprint to over 400 route miles and will have on net presence into the
top Tier 1 data centers and cable landing stations throughout Florida.
South Reach Networks’
acquisitions follow the company’s rebrand launch in 2019, backed by
private equity firm, Turning Rock Partners, and orchestrated by
telecom industry veterans Michael Sevret and Jason Cohen. Since joining the company, in addition to
overseeing a successful rebrand, Sevret and Cohen have led these key
acquisitions, supporting the growth of the company and its connectivity
throughout Florida.
“It has been a very
busy time here at South Reach Networks, and my team and I are working hard to
set the company vision and execute the strategy to expand with key, targeted
acquisitions within Florida to take advantage of growing secular demand for
global communications and secure infrastructure as a service,” comments Sevret.
“I am excited about this path we are on to grow our fiber infrastructure and
data center footprint, and for the momentum we are building in this market.”
“We’re thrilled to
announce this latest acquisition of a key strategic asset, which complements
our existing footprint in Miami with reach to Latin America and global
markets,” continues Sevret. “This asset
bolsters South Reach Network’s growing network-centric thesis. The acquired
business will be quickly integrated, with resilient connectivity, into our
existing platform, adding 10 new Tier 1 Points of Presence (PoPs) and over 350
route miles to our footprint. The resulting combined customer base for South
Reach Networks and Resurgence will benefit from enhanced colocation and
interconnection service offerings.”
For more information
on South Reach Networks, visit https://SRNetworks.net.
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About South Reach Networks
South Reach Networks is an established, Florida-based telecommunications infrastructure provider. South Reach Networks fully constructs, owns and operates its Metro & Long-Haul Fiber Optic Network. With direct routes into its Carrier Class & Neutral Data Centers, the robust network spans over 400 miles along the East Coast of Florida. South Reach Networks provides customers global and domestic reach to the ever-expanding ecosystem of carriers, subsea, enterprise and wireless operators. Visit https://SRNetworks.net for more information.
South Reach Networks is an established, Florida-based telecommunications infrastructure provider. South Reach Networks fully constructs, owns and operates its Metro & Long-Haul Fiber Optic Network. With direct routes into its Carrier Class & Neutral Data Centers, the robust network spans over 400 miles along the East Coast of Florida. South Reach Networks provides customers global and domestic reach to the ever-expanding ecosystem of carriers, subsea, enterprise and wireless operators. Visit https://SRNetworks.net for more information.
About Resurgence
Resurgence products and services include dark fiber and colocation along a 380-milestrategic backbone. This geographically strategic network is constructed along secure private rights-of-way, interconnected to key data centers in both Northern Florida (421 West Church Street, Jacksonville, FL) and in Georgia (55 and 56 Marietta Street, Atlanta, GA) and includes six regen/ILA/colocation facilities.For more information on Resurgence, visit www.ResurgenceIG.com.
Media Contact:
Jaymie Scotto & Associates (JSA)
+1 866.695.3629 ext. 6
pr@jsa.net