Eureka Networks and InfoHighway Communications Corp. said today they have completed the merger they announced in June.
The combined entity, named Eureka/InfoHighway, creates one of the largest CLECs in the Northeast with annual sales of more than $100 million. Eureka/InfoHighway says it now serves approximately 14,000 SMBs with 150,000 access lines in 14 Northeastern and Mid-Atlantic states. The company provides traditional and next-generation telecom services.
Jeff Ginsberg serves as chairman of Eureka/InfoHighway, while Raul K. Martynek is president and CEO, and Joe Gregori is vice chairman of the company.
Ginsberg says Eureka/InfoHighway is integrating each companys distribution channels. Meanwhile, Martynek notes the company is combining its infrastructure, including billing and OSS systems.
CapitalSource Finance LLC provided financing for the transaction. Eureka also received investments from its equity partners, including affiliates of Apollo Real Estate Advisors, Trimaran Fund, Lazard Technology Partners, Gigaline and LLR Partners. In addition, DH Capital advised and assisted Eureka Networks in the transaction.
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