JAB Wireless Inc., a Greenwood, Colo.-based provider of fixed wireless services to the voice over Internet protocol and high-speed Internet industries, said that it has received $15 million in debt financing from specialty finance firm Hercules Technology Growth Capital.
JAB, headed by cable veteran and former FrontierVision Partners and Western Integrated Networks founder James Vaughn, said it would use the money for acquisitions and to accelerate subscriber growth.
“JAB Wireless continues to achieve great success through our proven buy-and-build strategy in the fixed wireless industry,” Vaughn said in a statement. “The senior debt financing will help support this strategy of organic growth and acquisitions to help grow our subscriber base.”
Vaughn started JAB in 2006, and the company serves as parent to a number of brands -- including WisperTEL, LP Broadband, Sopris Surfers, Digis and Suburban Broadband -- that deliver VoIP and high-speed Internet services to a variety of residential and business customers in the western part of the country.
Denver-based cable and telecommunications investment banker RBC Daniels acted as exclusive financial adviser to JAB in the transaction.
