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Rise Broadband acquired by private equity group

February 2, 2023

ISP Rise Broadband, which operates across 16 U.S. states, has been acquired by private equity group GI Partners and plans to expand its FWA and fiber-based services under the new ownership.

Rise, which serves primarily rural communities, says it is the largest privately-held fixed wireless ISP in the U.S. The company has consistently been named to CNET’s list of best rural broadband providers in recent years; it reportedly covers around 6% of the U.S. population. Rise serves portions of most of the Midwestern, Central and Western U.S., with its most extensive footprints in Colorado, Idaho, Iowa, Illinois, Nevada, Nebraska, Texas and Utah.

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