Business Wire 4/6/2017
Wave Broadband, a gigabit fiber and broadband services company, today announced that it has acquired Cascadelink, a Seattle-based internet service provider that delivers high-speed connectivity to residential and commercial customers in multi-unit residential and office buildings throughout the Seattle area. Terms of the transaction were not disclosed and it is effective immediately.
Founded in 2002, Cascadelink provides symmetrical gigabit service (uploads as fast as downloads) to thousands of customers in an expanding network of more than 100 Seattle-area apartments, condominiums and commercial office buildings. The company’s dozen Seattle-based employees have joined Wave, which plans to invest to further accelerate growth of the companies’ combined gigabit services for both business and residential customers in Seattle and beyond.
“Cascadelink and Wave are strongly compatible, as both of our organizations have been focused squarely on providing fast, reliable connections backed by exceptional local customer service,” said Harold Zeitz, Wave President and COO. “We plan to continue providing Cascadelink’s Seattle-area customers with the high levels of service they’ve come to expect while expanding our gigabit services to more business and residential customers throughout our three-state network.”
“Since we founded Cascadelink 15 years ago, our priority has been to provide the best internet experience possible, with the unmatched scalability and reliability that a fiber network provides,” said Chris Flugstad, Cascadelink co-founder and CEO. “We are excited to join forces with Wave, as their resources enable us to grow faster together while staying true to this mission.”
Wave has delivered gigabit service to Seattle-area business and residential customers since 2008. Formed in 2003, the company has established a reputation for high-quality service, growing both organically and by expanding its footprint to new communities through acquisitions and building new fiber. This is the company’s 22nd acquisition to-date.
Transition plans will not impact current Cascadelink customers: the company’s services will continue without interruption as operations are merged with Wave during the coming months. The companies’ pricing plans are compatible, with no immediate changes planned. Both Wave and Cascadelink are committed to ensuring the smoothest transition possible. Current Cascadelink customers should contact Cascadelink as they have in the past with any questions regarding their service.