Tiger Sinks Claws into Hudson Fiber
Terms of the deal─which is expected to close in the fourth quarter of this year, subject to regulatory approval─were not disclosed, but officials say HFN's current management team will remain in place, and will retain a minority stake in the company.
"The expertise and resources Tiger provides will fuel our network expansion and support and enhance our solutions delivery across out fast-growing customer base," says HFN chief operating officer Keith Muller in a statement.
Tiger typically takes majority stakes in companies, with an investment of between $15 and $75 million, according to the company's website.
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