Pavlov Media, a Champaign, IL-based independent provider of fiber-based Internet connectivity to off-campus student housing in the United States, closed on an equity investment transaction with Macquarie Asset Management.
The amount of the deal was not disclosed.
The investment will allow the company to continue the construction of fiber infrastructure in existing and new markets, expand its MDU market presence and accelerate fiber-to-the-home initiatives, which are focused on locations around its core markets.
Founded in 1994 and led by Mark Scifres, Chairman and CEO, Pavlov Media primarily provides broadband services to multi-dwelling units (MDUs) under bulk agreements with the MDU landlords. The company currently focuses on off-campus student housing and today serves approximately 800 MDU buildings, which have over 275,000+ beds, across more than 150 markets in the U.S. and Canada. Pavlov Media connects these buildings to its national backbone through its owned last-mile fiber network or third-party circuits.
FinSMEs
30/03/2023