CINCINNATI, Nov. 20, 2024 ~ A major merger has been announced in the world of fiber optic internet services. Omni Fiber, a leading provider in the Midwest, has joined forces with Lit Fiber, the top provider in Medina County, Ohio. This partnership is expected to bring about significant improvements for both companies and their customers.

According to Darrick Zucco, CEO of Omni Fiber, this merger is an exciting development for the company. He stated, "We are thrilled to welcome Lit Fiber and their associates to Omni Fiber. Working together will allow our teams to move faster into new markets, operate more efficiently, and serve our customers better." With Lit Fiber's network being adjacent to Omni Fiber's, this collaboration is expected to bring about a more seamless and efficient service for customers.

Lit Fiber's CEO Andrew Massey also expressed his enthusiasm for the merger. He believes that joining forces with Omni Fiber will help accelerate their expansion plans and reach more underserved communities with exceptional local service. This is great news for existing Lit Fiber customers who will become eligible for faster speeds of up to 10 Gbps once the network and systems integration activities are completed in early 2025.

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Both Omni Fiber and Lit Fiber are majority-owned by Oak Hill Capital, an experienced investor in the fiber-to-the-home space. Scott Baker, Managing Partner at Oak Hill, believes that this transaction will benefit both companies and their customers. He stated, "This transaction will allow both companies to expand more quickly and improve the services offered to Lit Fiber's customers. It is a win-win for current and future customers." Other existing shareholders of Lit Fiber such as Stephens Capital Partners and The Pritzker Organization also plan to continue supporting the business going forward.

The merger between Omni Fiber and Lit Fiber marks a significant step forward in providing high-speed fiber optic internet services across multiple regions. With the support of Oak Hill Capital and other shareholders, both companies are poised for continued growth and success in the future.

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