Intrepid Fiber acquires Southern California network

BROOMFIELD — Intrepid Fiber Networks, a Broomfield-based fiber-infrastructure company, has agreed to acquire the Southern California fiber network of Ubiquity. 

The acquisition adds an in-service fiber-to-the-premises network across San Diego County to Intrepid’s growing California footprint.

The acquired network spans the communities of Solana Beach, Encinitas, Carlsbad and Oceanside in San Diego County, and contributes an asset base of more than 35,000 fiber passings. A fiber passing is a home or business that is close enough to a fiber line to be connected.

The network complements Intrepid’s active fiber construction in Corona, Riverside, Vista and San Marcos. When complete, Intrepid’s San Diego County networks will serve more than 100,000 homes and businesses. 

“This transaction accelerates our California strategy and is a natural complement to the construction we already have underway in the state,” Jack Waters, CEO of Intrepid Fiber Networks, said in a written statement. “We are adding a well-engineered, in-service network with an established customer base, durable municipal relationships and a proven open-access deployment, doing so in a market our team knows well. Our objective from here is to integrate and scale the network.”

The transaction is expected to close in late 2026, subject to customary closing conditions and applicable regulatory approvals. Financial terms of the transaction were not disclosed.

Intrepid was advised by Berg Hill Greenleaf Ruscitti LLP and Morgan Lewis. Ubiquity was advised by Bank Street and Kirkland & Ellis.

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