Boston Omaha Corporation Completes the Acquisition of InfoWest, Inc. and Go Fiber LLC
April 04 2022 - 4:05PM
Business Wire
Boston Omaha Corporation (NYSE: BOC), through its wholly owned
subsidiary FIF St George, LLC (“FIF St George”), has completed the
acquisition of the businesses operated by InfoWest, Inc.
(“InfoWest”) and Go Fiber LLC (“Go Fiber”), fiber and fixed
wireless internet service providers located in St. George, Utah.
The InfoWest and Go Fiber businesses together provide high-speed
internet services to over 20,000 customers throughout Southern and
Central Utah, Northern Arizona and Moapa Valley, Nevada.
InfoWest Co-Founder and CEO Kelly Nyberg said, “Our partnership
with Boston Omaha will dramatically accelerate our fiber expansion
within our current markets and into new communities.”
InfoWest and Go Fiber equityholders will collectively have a 20%
initial ownership stake in FIF St George, a new entity formed by
Boston Omaha for purposes of completing the acquisitions. Boston
Omaha intends to make significant additional capital investments to
fund FIF St George’s fiber-to-the-home expansion. Key members of
the executive team will remain on to continue guiding the company
in the next phase of growth.
Co-CEO of Boston Omaha, Adam Peterson added, "The InfoWest and
Go Fiber teams have built robust networks capable of scaling within
and outside of their current footprints. Additionally, their
history of delighting customers by providing exceptional service
made these businesses a natural fit into our fiber-to-the-home
strategy throughout western rural communities and beyond.”
Boston Omaha’s Fiber is Fast businesses include AireBeam in
Arizona, Utah Broadband in northern Utah, InfoWest and Go Fiber in
Utah, Arizona and Nevada, and Fiber Fast Homes.
About Boston Omaha Corporation
Boston Omaha Corporation is a public holding company with four
majority owned businesses engaged in outdoor advertising, surety
insurance, broadband telecommunications services, and asset
management.
Forward-Looking Statements
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The Company desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The
words “believe,” “anticipate,” “intends,” “estimate,” “forecast,”
“project,” “plan,” “potential,” “may,” “should,” “expect,”
“pending” and similar expressions identify forward-looking
statements. The forward-looking statements in this press release
are based upon various assumptions, many of which are based, in
turn, upon further assumptions, including without limitation, our
management's examination of historical operating trends, data
contained in our records and other data available from third
parties. Although we believe that these assumptions were reasonable
when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, we cannot assure
you that we will achieve or accomplish these expectations, beliefs
or projections.
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version on businesswire.com: https://www.businesswire.com/news/home/20220404005957/en/
Boston Omaha Corporation Catherine Vaughan, 617-875-8911
cathy@bostonomaha.com
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