Greenlight partners with private equity firm to expand broadband services

ROCHESTER N.Y. (WHEC) — Internet provider Greenlight Networks announced on Thursday that they’re partnering with a New York City-based private equity firm to expand its fiber internet services.

Greenlight has provided services to the Rochester community for more than 10 years. A $300 million investment from Oak Hill Capital will help the company to expand its statewide network from 90,000 homes to 800,000 homes.

Greenlight founder and CEO Mark Murphy said the partnership with Oak Hill Capital will help to bring high-speed broadband into communities.

“People’s livelihoods and lifestyles, as well as the continued economic development of the communities we serve, rely on the expansion of fiber networks," Murphy said. "We are excited to partner with Oak Hill Capital to bring future-proof fiber networks to hundreds of thousands of more homes.”

In addition to Rochester, Greenlight provides broadband services to Rochester, Buffalo, Binghamton, and Albany. Oak Hill Capital (not related to Oak Hill Golf Course) has invested in around 100 companies since its 1986 founding.