DETROIT — Rocket Fiber LLC, the Detroit-based internet service provider, has been purchased by Everstream, a Cleveland-based fiber network. The deal, announced earlier this year, is now completed.
The purchase is part of Everstream’s strategy to provide reliable, high-bandwidth connectivity to enterprises in Michigan and throughout the Midwest. With the deal’s close, Everstream has added 41 route miles to its network and access to more than 5,000 businesses. Rocket Fiber residential services will continue uninterrupted under the Rocket Fiber brand.
Rocket Fiber Co-Founder and CEO Marc Hudson will remain with the company for a period of time during the transition, a well-placed source told MITechNews.Com.
“Everstream’s acquisition of Rocket Fiber gives us an even stronger footprint in Michigan, and as we continue to grow, our Detroit customers now have direct access throughout the Midwest thanks to the Everstream network,” said Everstream President and CEO Brett Lindsey. “Detroit businesses will continue to experience high-capacity, low-latency connectivity services and we’re excited to partner with new and existing customers to help them scale.”
Everstream’s Detroit network now includes:
- The addition of 41 route miles of network in greater Detroit.
- Direct connection to Everstream’s existing fiber network infrastructure in Michigan and its other Midwest markets.
- Connectivity to four state-of-the-art data centers in the Detroit area, with access to more than 32 additional data centers — and growing — across the Midwest.
- Offices in downtown Detroit, with local team members.
The closing of the Rocket Fiber acquisition is in addition to the company’s recently announced $250 million commitment to build new fiber infrastructure across the Midwest. In 2020, Everstream plans to expand into five new markets, hire 100 new employees and reach its goal of 15,000 route miles of fiber deployed across the Midwest.
To learn more and view Everstream’s network and expansion efforts, visit everstream.net/network-expansion.