Houlihan Lokey Advises Georgia Public Web

Houlihan Lokey is pleased to announce that Georgia Public Web has been acquired by Accelecom, a portfolio company of Macquarie Capital, and funds managed by UBS Infrastructure, highly successful developers and custodians of core infrastructure assets. The transaction closed on September 30, 2022.

Accelecom, a provider of fiber-based broadband services throughout the Commonwealth of Kentucky, completed its acquisition of Georgia Public Web, a leading regional broadband provider with more than 20 years of experience operating carrier-grade fiber optic networks in the Southeast region. This addition will allow Accelecom to enable fiber-based broadband services throughout the six states that now comprise the Accelecom digital footprint. “Our goal is to improve the quality of broadband fiber services available in urban areas, and bridge the digital divide in rural areas,” said David Flessas, CEO of Accelecom.

Going forward, Georgia Public Web will become Accelecom Georgia. Accelecom Georgia will continue to provide middle-mile and broadband services to accelerate economic growth and provide long-term value for communities, businesses, and consumers alike. Stronger fiber networks create the pathway to more advanced online services, smarter utilities, education technology, and telehealth applications.

Existing Accelecom and Georgia Public Web customers will now have access to a larger state-of-the-art network footprint spanning six contiguous states, increasing options for throughput and connectivity. Accelecom intends to invest extensively in its network to continue to expand both locally and throughout the region.

A state-of-the-art digital back office will continue to serve Accelecom customers with local sales and support teams. With continued commitment to continuous market expansions and an increased availability in service offerings, Accelecom will operate with the same trusted team to increase access to broadband fiber in Kentucky, Tennessee, Georgia, and surrounding states.

Houlihan Lokey served as the financial advisor to Georgia Public Web.