IQ Fiber acquires ThinkBig Networks

The company provides additional financing for further expansion

Jacksonville, FL, Nov. 22, 2024 (GLOBE NEWSWIRE) — IQ Fiber, a Jacksonville, Florida-based provider of 100% fiber-optic internet services, announces that it has reached a definitive agreement to acquire Maryland-based ThinkBig Networks, LLC. 100% fiber internet provider. This acquisition marks an important milestone in IQ Fiber’s continued expansion and is supported by additional equity financing from SDC Capital Partners.

“We have been impressed with what the ThinkBig Networks team has been able to achieve in their Maryland markets,” said Ted Schremp, CEO of IQ Fiber. “We look forward to working with Di Anna and her team to bring competition, choice and streamlined customer service to even more communities throughout the Chesapeake Bay region.”

ThinkBig Networks currently serves customers in Charles, Kent, Queen Anne’s and Harford counties in Maryland; further expansion is planned.

“Joining forces with IQ Fiber will allow us to accelerate our network deployment and leverage the success of the larger platform,” said Dee Anna Sobchak., CEO and co-founder of ThinkBig Networks. “IQ Fiber’s complementary culture, vision and strategy will ensure a smooth transition for our customers and further strengthen our position as the leading fiber internet service provider in Maryland.”

Clinton Kercher of SDC Capital Partners said: “IQ Fiber’s strategic expansion, bolstered by the acquisition of ThinkBig Networks, underscores our confidence in the IQ Fiber team and their commitment to bringing a modern internet choice to market. Our ongoing partnership and additional capital investment are a testament to the company’s growth trajectory and ability to execute.”

The transaction is subject to regulatory and other approvals and is expected to be completed in the next few months.

IQ Fiber’s 100% fiber network, currently deployed throughout North Florida and under construction in Savannah, Georgia, is capable of delivering symmetrical speeds of up to 10 gigabits per second, ensuring customers can meet the growing demands of today’s Internet usage.

Recently recognized by Ookla® as providing the fastest speeds and best internet service in Jacksonville, IQ Fiber offers simple monthly plans with no contracts, fees, surcharges or surprise price increases, and an easy-to-use app. manage the growing number of devices in your home, providing reliable and convenient Internet access.

Massumi + Consoli LLP served as legal counsel to IQ Fiber and SDC Capital Partners, along with Morgan, Lewis & Brockus, LLP. Q Advisors served as financial advisor to ThinkBig Networks, and Rifkin, Weiner and Livingston served as legal counsel, along with Comm Law Group and Zarren Law Group.

IQ fiber is a fast-growing fiber optic Internet service provider based in Jacksonville, Florida. IQ Fiber provides impeccable customer service and provides the fastest, most reliable internet access while maintaining a 4.8 star rating on Google with 1,200 reviews. Building on its success in North Florida, the company continues to transform the broadband market by expanding its presence to four major metropolitan areas: Jacksonville, Gainesville and Alachua County (Florida), Savannah (Georgia) and the Chesapeake Bay region (Maryland). For more information visit www.iqfiber.com.

ThinkBig Networks is a fiber optic internet service provider serving Charles, Harford, Kent and Queen Anne’s County, Maryland. The company provides fast and reliable symmetrical speeds with no data usage or throttling to neighborhood homes and businesses, as well as superior customer service delivered by a local team. For more information visit https://www.thinkbignets.com/

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• IQ Fiber acquires ThinkBig Networks

• IQ Fiber acquires ThinkBig Networks

CONTACT: Maria Coppola

IQ fiber

9043123321

(email protected)