FiberLight Acquisition, Valuation, Funding & Investors

FiberLight was acquired by Morrison & Co for $1B in June 2022, a 71.4x multiple on $14M of revenue.

FiberLight acquisition price

$1B

Acquired by Morrison & Co · Jun 2022

FiberLight revenue at acquisition

$14M

Last twelve months · Jun 2022

FiberLight revenue multiple at acquisition

71.4x

EV/Revenue · Jun 2022

Cumulative funding FiberLight raised

$325M

across 1 funding round

FiberLight Overview

About FiberLight

FiberLight is an Atlanta-headquartered carrier providing Carrier Ethernet and optical transport over a 7,000-mile diverse fiber ring spanning the eastern United States from Maine to Florida. It delivers 10G to 400G services with 99.999 percent uptime SLAs to enterprises and hyperscalers. The company interconnects 1,500 buildings including NYSE data centers. Founded in 2007, FiberLight invests $200 million in metro expansions.


Founded

1998

HQ

United StatesAlpharetta, GA

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Revenue

$14M (Jun 2022)

Valuation

$1B (acquired Jun 2022)

FiberLight Acquisition

FiberLight was acquired by Morrison & Co for $1B on 30 June 2022.

The acquisition price implies a 71.4x revenue multiple on $14M of revenue.

Before the acquisition FiberLight had raised $325M across 1 funding round.

FiberLight acquisition details
AcquirerDateTypePriceEV/Revenue
  • Morrison & Co
30 Jun 2022Strategic M&A$1B71.4x

FiberLight Funding History

FiberLight has raised a total of $325M across 1 funding round.

FiberLight funding rounds

FiberLight funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2020Undisclosed stageGuggenheim Partners$325MFiberLight announced the successful completion of a strategic recapitalization on September 16, 2020, which included $325 million in financing from Guggenheim Partners. Bank Street served as financial advisor in the transaction. FiberLight is a provider of high-capacity fiber optic networks and connectivity services, focused on digital infrastructure. Later developments include a $500 million sustainability-linked refinancing facility closed on May 1, 2025, to support growth and expansion into underinvested markets. The company is owned by a consortium led by Morrison, with Australian Retirement Trust and UBS Asset Management. Prior to the 2020 deal, FiberLight had funding history including acquisitions and mergers around 2018.

Who has invested in FiberLight?

1 investor has backed FiberLight across its funding rounds, including Guggenheim Partners.


FiberLight Investors

Investors in FiberLight by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by FiberLight

FiberLight has acquired 1 company to date.

Last acquisition by FiberLight was on April 16th 2025. FiberLight acquired Metro Fiber Networks for undisclosed valuation.


Latest Acquisitions by FiberLight

Metro Fiber Networks
Description
-
HQ CountryUnited States
HQ City
Norfolk, VA
Deal Date16 Apr 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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FiberLight Competitors

FiberLight competitors include listed companies like BrightView, Matrix Design Co. and Superloop, and private ones like Tarana Wireless, Electric and GlasfaserPlus.

Public and private companies comparable to FiberLight
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Tarana WirelessUnited StatesSan Jose, CAPrivate$100M-$1B10.0x
ElectricUnited StatesNew York City, NYPrivate$40M-$1B-
BrightViewUnited StatesUnited StatesPublicly listed$2.7B$307M$1B0.9x
Matrix Design Co.ChinaChinaPublicly listed$110M$12M$1B7.2x
SuperloopAustraliaAustraliaPublicly listed$389M$53M$993M2.2x
GlasfaserPlusGermanyGermanyPrivate--$1B-

FiberLight Public Comps

FiberLight is no longer listed, but its public comps include BrightView, Matrix Design Co., Superloop, Tejas Networks, Liberty Capital, Service Stream, Macquarie Technology Group, Genew, Open Up Group and RailTel Corporation.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BrightView$2.7B$307M0.9x0.9x8.0x7.2x
Matrix Design Co.$110M$12M7.7x7.2x69.8x-
Superloop$389M$53M2.8x2.2x20.7x11.9x
Tejas Networks$114M($70M)11.9x-(19.3x)-
Liberty Capital$952M($79M)1.8x1.7x(22.2x)4.4x
Service Stream$1.7B$101M0.6x0.6x10.7x9.0x
Macquarie Technology Group$263M$81M3.9x3.6x12.6x12.2x
Genew$131M$1M7.4x6.6x704.9x36.6x

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Common questions about FiberLight

When was FiberLight founded?FiberLight was founded in 1998.
Where is FiberLight headquartered?FiberLight is headquartered in Alpharetta, GA, United States.
Is FiberLight publicly listed?No, FiberLight was acquired by Morrison & Co in June 2022.
Who acquired FiberLight?FiberLight was acquired by Morrison & Co in June 2022.
How much was FiberLight acquired for?FiberLight was acquired for $1B in June 2022, a 71.4x revenue multiple.
How much funding has FiberLight raised?FiberLight has raised $325M across 1 funding round.
What was FiberLight's last funding round?FiberLight's last funding round was a $325M undisclosed-stage round in September 2020.
Who are FiberLight's investors?FiberLight's investors include Guggenheim Partners.
Which companies are comparable to FiberLight?Companies comparable to FiberLight include Tarana Wireless, Electric, BrightView, Matrix Design Co., Superloop and GlasfaserPlus.
How many companies has FiberLight acquired?FiberLight has acquired 1 company, including Metro Fiber Networks.

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