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CEDAR RAPIDS and SIOUX CITY, IA - ImOn Communications, LLC (“ImOn”), a leading provider of fiber broadband services in Eastern Iowa since 2007, announces today that it has entered into a definitive agreement to acquire FiberComm, pending regulatory approvals. FiberComm has been providing high quality Internet and voice services to businesses in the Sioux City market for over 20 years.
ImOn was founded in 2007 as a single-market cable provider and has transformed into a regional fiber-to-the-premise platform that currently owns and operates a 2,000+ mile network that reaches over 77,000 households and businesses. The Company is committed to delivering superior network reliability, unrivaled connection speeds, and exceptional customer service.
“ImOn and FiberComm share a vision to provide reliable, high-quality services and responsive, caring customer support in our respective markets,” says Patrice Carroll, CEO of ImOn. “We look forward to working with FiberComm’s excellent team to build ImOn’s service footprint in the Western part of Iowa and provide fiber broadband services to both residents and businesses in the Sioux City area.”
Al Aymar, CEO of FiberComm, said, “The FiberComm team is excited by the opportunity ImOn brings to Sioux City. Both residents and businesses in our community will benefit greatly from the fast, reliable fiber-to-the-premise broadband services and superior level of customer care.”
ImOn remains committed to completing its network expansion to all homes and businesses in Cedar Rapids, Marion, Hiawatha, Iowa City, Coralville and Dubuque. The acquisition of FiberComm will be ImOn’s first expansion of its service footprint outside of Eastern Iowa.
The transaction is expected to close in 2023 and is subject to obtaining customary regulatory approvals. Charlesmead Advisors, LLC, served as Exclusive Advisor to FiberComm on the transaction. ImOn was advised by Shuttleworth & Ingersoll and Morgan Lewis & Bockius.