Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Hotwire Communications to increase hiring, enter new markets after Blackstone investment
    Deals

    Hotwire Communications to increase hiring, enter new markets after Blackstone investment

    April 30, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    The Blackstone Group is Hotwire Communications’ newest backer.

    The private equity giant (NYSE: BX) announced it made an investment in the Fort Lauderdale-based internet provider through funds managed by Blackstone Tactical Opportunities and Blackstone Infrastructure Partners.

    Hotwire Communications, founded in 2000 by Michael Karp and CEO Kristin Johnson, is a leading fiber optic internet provider across Florida, Georgia and the Carolinas. Blackstone aims to respond to the surging demand for high-speed internet as more consumers add connected devices – such as smart security systems and smart refrigerators – to their homes.

    “Consumers are increasingly seeking state-of-the-art fiber connectivity to meet their growing need for connected devices in their homes, and we believe Hotwire is exceptionally well positioned to capitalize on this rising market demand,” said Jasvinder Khaira, senior managing director with Blackstone Tactical Opportunities.

    Read More

    Source: The Business Journals

    By Ashley Portero

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Deal PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Pantheon passes $2.4bn in private debt secondaries as flagship fund closes at $834m

    May 24, 2022

    Venture Capital’s Billions Are Taking Over London Finance

    May 24, 2022

    Moove acquires PetroChoice from Golden Gate Capital in £479m deal

    May 24, 2022

    Comments are closed.

    Other Articles

    KKR Acquires Three Building Industrial Portfolio in Phoenix

    May 25, 2021

    KLAR Partners funds invest in Oleter Group

    September 13, 2021

    SoftBank-backed Bear Robotics raises $81mln for waitering robot rollout

    March 15, 2022

    Italian Chain Prezzo Joins the Private Equity Restaurant Carousel

    February 12, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?