Goldman Sachs Asset Management’s infrastructure investing business has completed its acquisition of an internet service provider with a Dubuque office.
Goldman Sachs Asset Management on Friday announced the completion of the deal for ImOn Communications, based in Cedar Rapids, Iowa.
“The completion of this acquisition enables ImOn’s management team to continue the company’s ambitious growth in eastern Iowa markets,” states a press release. “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 has an office in Dubuque and late last year announced its plans to expand fiber internet to all Dubuque homes by 2024.