Fengate to Establish Scaled Fiber Platform Through Investment in Pilot Fiber and Acquisition of Boldyn Networks Fiber Assets

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Postmedia has not reviewed the content. by GlobeNewswire Fengate to Establish Scaled Fiber Platform Through Investment in Pilot Fiber and Acquisition of Boldyn Networks Fiber AssetsAuthor of the article:Pilot Fiber Founder and CEO, Joseph Fasone, will continue to lead and operate the business, reinforcing long-term alignment with customers, employees, and investors.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountMIAMI & TORONTO, Oct. 22, 2026 (GLOBE NEWSWIRE) — Fengate Asset Management (“Fengate”), through Fengate Infrastructure Fund V (“FIF V”) and its affiliated entities, today announced that it has entered into agreements to make an investment in Pilot Fiber (“Pilot”), an enterprise connectivity provider in the New York metro area, and to fund Pilot’s acquisition of the New York and New Jersey fiber network of Boldyn Networks (“Boldyn”). The transactions, expected to close in 2027, are subject to customary closing conditions and regulatory approvals.This advertisement has not loaded yet, but your article continues below.Fengate’s investment provides Pilot with over $330 million in new financing for the transaction, including Pilot’s acquisition of the Boldyn network and funding for Pilot’s continued growth. Pilot’s founder and CEO, Joseph Fasone, will continue to lead and operate the company.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“The greater New York City market is one of the most important business markets in the world, and this investment creates a premier fiber platform with the assets, talent, and operating model to capitalize on growing demand,” said Warren Roll, Managing Director, Head of Digital Infrastructure at Fengate. “Pilot has built a leading enterprise fiber business, while Boldyn has assembled a high-quality fiber network that is difficult to replicate. Together, they create a compelling platform for growth. We are excited to partner with Joe and his team as they continue to expand and serve customers across the market.”Upon closing, Pilot’s owned footprint will include more than 1,600 route miles of fiber, connecting more than 1,200 buildings and 50 data centers across the New York metro area. The Boldyn business adds more than 860 route miles of fiber across New Jersey commercial corridors, along with expanded on-net reach into Brooklyn, Queens, the Bronx and Staten Island. Together with Pilot’s recent acquisition of Extenet Systems’ enterprise fiber business, the transaction is expected to increase network diversity for enterprise, carrier and wholesale customers.This advertisement has not loaded yet, but your article continues below.“Pilot customers choose us because we own the network and move fast, and that will not change,” said Joseph Fasone, Founder and CEO of Pilot. “Fengate’s investment and Boldyn’s fiber give us the capital and footprint to extend that experience to more businesses across New York’s five boroughs and New Jersey. Fengate understands both fiber infrastructure and the New York metro market. We’re excited to partner with them and build on the strong foundation we’ve established.Financial terms were not disclosed. Guggenheim Securities, LLC acted as financial advisor to Fengate; Simpson Thacher & Bartlett LLP as legal counsel; Leo Berwick as tax and financial due diligence advisor. Goodwin Procter acted as legal counsel to Pilot.This release contains forward-looking statements, including statements about the expected timing and benefits of the transactions. Completion is subject to closing conditions, including required regulatory approvals.About Fengate Asset ManagementFengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than US$9 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 65 assets. Learn more at www.fengate.com.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.About Pilot FiberPilot Fiber delivers enterprise-grade connectivity to businesses across the New York metro area through complete network ownership and in-house operational expertise. Since 2014, the company has built a network of 1,600+ miles of modern fiber infrastructure throughout the New York metro area, serving 4,000+ businesses across 1,200+ buildings with a full suite of services: Dedicated Internet Access, Ethernet Transport, Dark Fiber, Wavelength, and IP Transit. Pilot’s end-to-end ownership model delivers 5-15 day installations in on-net buildings versus the industry standard of 30-90 days—with transparent pricing, 24/7 access to knowledgeable support, and no contracts required. Learn more at pilotfiber.com.Vanessa Naughton Fengate Asset Management +1 416-709-3962 vanessa.naughton@fengate.com This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.