Ziply Fiber, a Kirkland, Wash.-based fiber internet service provider, is fueling the expansion of its network in the Pacific Northwest with $450 million in new funding, the company announced Thursday.
Ziply was formed in 2020 after a $1.35 billion deal to acquire the Northwest operations of internet and TV provider Frontier Communications. WaveDivision Capital, an investment company operated by the founder of Wave Broadband and several former executives, teamed up with Searchlight Capital Partners to make the purchase.
The company provides fiber service across Washington, Oregon, Idaho, and Montana, and last October raised $350 million in debt funding to expand its service in those states.
Ziply Fiber is led by Harold Zeitz, the former president of Wave Broadband and managing director at WaveDivision Capital, and announced the appointment of two more executives on Thursday.
- Chris Denzin, who has led Ziply’s residential and small business teams, has been named chief operating officer. He will oversee residential and commercial sales, customer care, field operations and product development.
- Rob Griffith has been promoted to the new position of chief, fiber design and construction to oversee all fiber expansion.
All current Ziply Fiber investors participated in the new funding round including WaveDivision Capital, Searchlight Capital Partners, Public Sector Pension Investment Board, British Columbia Investment Management Corp., and Canada Pension Plan Investment Board.
