Meridian Capital and Gemspring Capital Partner to Provide Rural Broadband
Funding
Meridian Capital and Gemspring Capital
Partner to Provide Rural Broadband Funding
Gemspring Capital and Meridian Capital are pleased to announce they have
partnered to provide working capital support and facilitate letters of credit
for qualified winners of the upcoming FCC Rural Development Opportunity Fund
(RDOF) auction.
RDOF is the latest round of government grants designed to bring the benefits of
high-speed broadband to rural America. The auction will grant some $21 billion
to rural Wireless Internet Service Providers and Fiber Operators. Funds are
payable in equal installments over ten years, requiring project completion
within six years, along with proof of service availability and quality.
To reduce government risk, operators are required to post letters of credit
(LOC) against funds received. The LOC is required a few months before FCC
funding starts, when many operators’ historical financials are not sufficient
to support the funding necessary to cover both the LOC and initial working
capital. Meridian Capital and Gemspring Capital have partnered to address this
challenge and provide qualified operators with flexible capital to support
compliance with the FCC LC requirement, and enable rapid build-out of their
networks.
Geoff Broglio, Gemspring Managing Director commented, “Rural broadband is
poised for continued growth, and we are excited to partner with qualified WISPs
and Fiber Operators to provide flexible capital and expertise to pursue the
significant opportunities presented by RDOF.”
Meridian Capital’s Senior Telecommunication Advisor, Pete Sokoloff adds, “This
is the dawn of a golden age for alternative telecom providers. Government grant
money, combined with powerful new technologies has created a promising future
for the companies who are working to fulfill the universal need for highspeed
broadband in rural communities.”
Meridian Capital is the exclusive placement agent for RDOF funding support
provided by Gemspring Capital.
To learn more about the types of funding available for rural broadband, please
listen to a replay of the webinar “Funding RDOF: A webinar for operators
presented by Meridian Capital and Gemspring Capital” held on September 10, 2020
(
(https://docs.google.com/forms/d/e/1FAIpQLSezsCdqkurbDibFT-o5tTjRR-GHkc5tWqG7FXZbHDUe0F2VEQ/viewform?usp=sf_link)
c
(https://docs.google.com/forms/d/e/1FAIpQLSezsCdqkurbDibFT-o5tTjRR-GHkc5tWqG7FXZbHDUe0F2VEQ/viewform?usp=sf_link)
lick here to watch
(https://docs.google.com/forms/d/e/1FAIpQLSezsCdqkurbDibFT-o5tTjRR-GHkc5tWqG7FXZbHDUe0F2VEQ/viewform?usp=sf_link)
)
(https://docs.google.com/forms/d/e/1FAIpQLSezsCdqkurbDibFT-o5tTjRR-GHkc5tWqG7FXZbHDUe0F2VEQ/viewform?usp=sf_link)
.
About Meridian Capital
Meridian Capital (www.meridianllc.com), a Seattle-based M&A advisory firm, has
served as a trusted advisor to business owners on complex corporate finance,
M&A, and strategic challenges for over 20 years. Meridian’s telecommunications
practice offers access to industry-wide strategic and financial partner
relationships, deep sector expertise, and proven transaction experience to help
maximize shareholder value.
About Gemspring Capital
Gemspring Capital (www.gemspring.com (http://gemspring.com) ) is a private
equity firm specializing in lower middle market companies. With $1.1 billion of
capital under management, Gemspring provides flexible capital and partners with
talented management teams to propel companies to grow and achieve their full
potential.
------------------------------------------------------------
For additional information, please contact one of the members of the Meridian
team:
https://3hp8js2ixl872ohrp321aqwl-wpengine.netdna-ssl.com/wp-content/uploads/2020/03/WISPA_White_Paper_Meridian_Capital.pdf
Brian Murphy
President & Managing Director
[email protected] (mailto:[email protected])
(206) 224-6156
https://meridianllc.com/portfolio/meridian-advises-qc-data-holdings-llc-in-sale-to-en-engineering/
Pete Sokoloff
Industry Advisor - Telecom
[email protected] (mailto:[email protected])
(206) 620-1401
https://3hp8js2ixl872ohrp321aqwl-wpengine.netdna-ssl.com/wp-content/uploads/2020/03/Fiber_Infrastructure_Newsletter.pdf
Kristin Brandtner
Senior Vice President
[email protected] (mailto:[email protected])
(206) 453-6817
============================================================
Meridian Capital (** www.meridianllc.com (http://www.meridianllc.com)
), a Seattle-based capital sourcing and M&A advisory firm, has served as a
trusted advisor to business owners on complex corporate finance, M&A and
strategic challenges for over 25 years. The firm differentiates itself through
its deep industry insights, highly customized service approach, and end-to-end
commitment to execution delivering exceptional results. With a unique
combination of financial, transactional and operation professionals on your
side, Meridian offers the depth and breadth of experience required to serve
leading middle market companies in multiple sectors including aerospace and
defense, consumer, diversified industrials, food and beverage, manufacturing,
and technology. Meridian also offers clients unparalleled cross-border
capabilities through its Global M&A Partners network.
Would you like to learn more?
C O N T A C T U S T O D A Y
** (https://www.linkedin.com/company/meridian-capital-llc/)
** (https://twitter.com/MeridianCap_LLC)
** meridianllc.com (http://meridianllc.com/)
| ** [email protected]
(mailto:[email protected]?subject=Hello!%20A%20message%20from%20Mailchimp)
© 2020 Meridian Capital, LLC. All rights reserved.
This email was sent to [email protected]
(mailto:[email protected])
why did I get this?
(https://merdianllc.us15.list-manage.com/about?u=92f2244b708faaabe371c3893&id=70c4ba7480&e=be58801341&c=ed67eaeda4)
unsubscribe from this list
(https://merdianllc.us15.list-manage.com/unsubscribe?u=92f2244b708faaabe371c3893&id=70c4ba7480&e=be58801341&c=ed67eaeda4)
update subscription preferences
(https://merdianllc.us15.list-manage.com/profile?u=92f2244b708faaabe371c3893&id=70c4ba7480&e=be58801341)
Meridian Capital . 1809 7th Ave . Seattle, WA 98101-1393 . USA_______________________________________________
Advertisements mailing list
[email protected]
http://lists.wispa.org/mailman/listinfo/advertisements
