CBRE Investment Management Acquires Missouri Fiber-to-the-Home Provider
A fund sponsored by CBRE Investment Management has entered into a definitive agreement to acquire Missouri-based fiber-to-the-home provider Gateway Fiber from Crosstimbers Capital Group as part of the firm’s Private Infrastructure strategy.
Gateway, founded in 2019, is headquartered in Wright City, MO, and is a fiber-to-the-home owner, operator and developer covering 12 cities in Missouri. The company has a strong track record of partnering with federal, state and local government to bring its fiber network to unserved and underserved communities and has been awarded three government grants totaling $37 million in the past 18 months.
“We’re excited to expand our investment in the fiber-to-the-home space through partnership with Gateway management,” said Noi Spyratos, managing director, private infrastructure at CBRE Investment Management. “We believe we can bring significant value to Gateway, including through our portfolio company WANRack, which owns and operates an extensive network of middle-mile fiber across the U.S.”
- ◦Sale/Acquisition