Tiger Infrastructure Partners has announced the signing of a definitive agreement to acquire a majority interest in Hudson Fiber Network.
The transaction is expected to close during the fourth quarter of 2014, following customary regulatory approval. Further terms of the transaction were not disclosed.
Established in 2002 and headquartered in Paramus, N.J., Hudson Fiber is a data transport provider for financial, carrier and enterprise clients. The company offers fiber, wireless and hybrid solutions.
Management of HFN will retain a significant minority stake in the Company.
“We look forward to building a powerful synergistic partnership with Tiger, as we embark on this next chapter of growth,” said Brett Diamond, CEO of HFN.
“The expertise and resources Tiger provides will fuel our network expansion and support and enhance our solutions delivery across our fast-growing customer base,” added Keith Muller, COO of HFN.