Canada’s Novacap buys Horizon Telcom in Ohio

MONTREAL – Canadian private equity firm Novacap is buying Ohio-based telco Horizon Telcom. Financial terms of the transaction were not disclosed.Novacap said Thursday that it will continue to work with Horizon’s existing management team and invest to grow the business throughout the region. Upon completion of the acquisition and the finalization of new fibre builds, Horizon will operate 550,000 strand miles of fibre and 4,500 route miles of fibre in six states, reads the news release. With additional capital, Horizon intends to enhance its presence in the Columbus, Ohio market and extend its existing network closer to customer premises."Horizon has...