Oak Hill Capital and Pamlico Capital Launch New Broadband Venture with Twin Investments

Oak Hill Capital and Pamlico Capital kicked off the summer with major investments in IdeaTek and Socket Telecom, both based in the Midwest. These investments mark a concerted effort to unify the two companies into a single entity focused on expanding broadband access across the region.

Jim Gleason, the former CEO of Vexus Fiber, will lead the new company, which aims to pass more than 500,000 homes by 2028. The initial investments will focus on deploying infrastructure in areas such as Webb City, Odessa, Eureka, Nevada, and Harrisonville.

Current IdeaTek investor TPG Peppertree will sell its stake to Oak Hill and Pamlico, which will also make a new equity investment alongside them. The partnership underscores a long-standing relationship between the firms, with previous investments in Vexus Fiber, which has expanded broadband access across Texas, Louisiana, and New Mexico.

Pamlico Capital’s Andrew Tindel expressed enthusiasm for the partnership, highlighting a shared commitment to expanding broadband in the Midwest. The collaboration aims to build on the established track records of Socket Telecom and IdeaTek, enhancing their footprints through strategic investments.

Historically, Oak Hill and Pamlico have invested in Vexus Fiber, which contributed to deploying broadband services to thousands of homes in Louisiana and Texas, demonstrating their deep involvement in fiber infrastructure development.

This new initiative exemplifies their ongoing commitment to closing the digital gap in underserved regions, leveraging their experience and investment expertise to foster regional growth.

For more details, visit [Telecompetitor article](https://www.telecompetitor.com/twin-investments-by-oak-hill-capital-and-pamlico-capital-signal-new-firm/).

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