NEW YORK and CEDAR RAPIDS, IOWA — April. 22, 2022 —

The Infrastructure investing business within Goldman Sachs Asset Management completed an acquisition of ImOn Communications, LLC (“ImOn”), one of the fastest-growing fiber-to-the-premise (“FTTP”) broadband companies in eastern Iowa. The completion of this acquisition enables ImOn’s management team to continue the company’s ambitious growth in Eastern Iowa markets.
As part of the transaction, Goldman Sachs Asset Management will make new investments to help accelerate ImOn’s growth in FTTP data, video, and voice services to homes and businesses throughout eastern Iowa and surrounding markets.
ImOn was advised by Bank Street Group, Shuttleworth & Ingersoll, and Morgan Lewis & Bockius. Goldman Sachs Asset Management was advised by TD Securities and Simpson Thacher & Bartlett. TD Securities also served as Lead Arranger on the debt financing for the transaction.