Houlihan Lokey Advises Snip Internet

Houlihan Lokey is pleased to announce that Snip Internet (Snip) has been acquired by Zentro. The transaction closed on July 17, 2023.

Founded by CEO Brett Lindsey in 2016, Snip is a fast-growing fiber internet service provider (ISP) bringing gigabit speeds to apartments, condos, and multi-family properties in major Midwest metro markets. With symmetrical speeds up to 1Gbps delivering unmatched upload and download performance, Snip is creating the fastest and most reliable internet experience possible for apartment residents through local service and support in Cleveland, Detroit, Milwaukee, and Columbus.

The combined business now represents the largest independent MDU-focused ISP in the region serving 1,200 buildings and 61,000 subscribers in Chicago, Milwaukee, Cleveland, Columbus, Detroit, and Atlanta. Zentro and Snip were both founded on the desire to improve customers’ perception of their internet experience by providing remarkably fast, reliable speeds combined with responsive, concierge-level customer support. In addition to both companies’ consistent five-star customer reviews and multiple industry awards for commitment to customer service, Zentro was recently named to the Inc. 5000 list of Fastest-Growing Private Companies in America.

Houlihan Lokey served as the exclusive financial advisor to Snip. This transaction further solidifies Houlihan Lokey’s deep expertise in residential MDU broadband.