Am Law 100 firm Polsinelli recently represented Metronet, the largest privately held high-speed fiber internet service provider reaching over 2 million homes and business in over 300 communities across 17 states, in entering into definitive agreements to sell the company to a joint venture (JV) between KKR and T-Mobile. Following the transaction’s close, T-Mobile will manage retail operations and customers, and Metronet will focus on network engineering, design, deployment and installation. The transaction is expected to close in 2025, subject to customary closing conditions and regulatory approvals.

More information on the deal can be found here.

Frank Koranda, Chair of the Private Equity M&A Practice Group, led the Polsinelli deal team, which included Associates Salvatore J. Cali, Katie Parchman and Shannon Hutton. Additional attorneys included Shareholders Matthew C. Hans and Arindam Kar (Antitrust), Erik R. Edwards (Tax), Scott L. Smithson Jr. (Real Estate), Scott M. Gilbert (Labor & Employment), Adam S. Weiss (Intellectual Property) and George Tsai (Employee Benefits & Executive Compensation).