Oak Hill Capital buys majority of fiber provider Wyyerd from Carlyle

Middle-market private equity firm Oak Hill Capital agreed to acquire a majority stake in Wyyerd Group Holdings, a fiber-to-the-premises broadband provider in Arizona and Southern California, from Carlyle. Carlyle, majority owner since 2021, will retain a minority stake. Financial terms were not disclosed.

Why it matters: Wyyerd expanded its network more than twentyfold under Carlyle, and Oak Hill plans to fund further expansion.