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Wednesday, Jul 6, 2022

Bel Air Internet Acquired by Private Equity Firm

Bel Air Internet has been acquired by M/C Partners, a private equity investment firm.Financial terms of the deal between the Sherman Oaks internet services provider and M/C Partners in Boston were not disclosed.Bel Air will be combined with AerioConnect in Newbury Park and Metro Fiber in Los Angeles, two other recent acquisitions by the East Coast investment firm. Together, the acquisitions will create one of the largest internet service providers in the region.Bel Air serves more than 800 multi-family and commercial buildings in Los Angeles. AerioConnect serves more than 500 of the same kinds of buildings in the greater Los Angeles market.Terry Koosed, founder of Bel Air, said he was excited for the company’s next chapter and the additional opportunities the acquisition provides for employees and customers.“Supported by M/C Partners and the wonderful employees at BAI, our customers will continue to receive the premium service they have come to expect,” Koosed said in a statement.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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