Zayo Group Holdings, Inc.

Boulder, CO

About Zayo Group Holdings, Inc.

Company overview

Zayo Group Holdings, Inc., founded in 2007, is a leading provider of communications infrastructure, headquartered in Boulder, Colorado. Established by Dan Caruso, John Scarano, and Matt Erickson, Zayo specializes in fiber-based network services, offering high-bandwidth connectivity solutions to carriers, enterprises, and hyperscalers. The company operates one of the largest fiber networks in North America and Europe, spanning over 17 million fiber miles. Acquired by EQT and DigitalBridge in March 2020 for $14.3 billion, Zayo has shifted focus to private operations, emphasizing network expansion and acquisitions, such as Crown Castle's fiber business for $4.3 billion in 2025. Zayo serves industries with high data demands, including cloud computing, AI, and telecommunications. Business/Product Breakdown Zayo Group provides a comprehensive suite of fiber-based connectivity and infrastructure services, including dark fiber, wavelengths, Ethernet, IP services, and colocation. Its dark fiber offerings provide dedicated, high-capacity fiber for clients to manage their own networks, ideal for hyperscalers and telecom carriers. Wavelength services offer point-to-point connectivity with bandwidths up to 400G, supporting data-intensive applications like cloud computing and AI. Zayo's Ethernet and IP services cater to enterprises needing reliable, scalable networking, while its colocation facilities provide secure data center solutions with low-latency connectivity. The company's network spans 400+ markets, 1,200+ data centers, and 150,000+ buildings, with key routes like Zayo's North American Long Haul Network. Recent acquisitions, such as QOS Networks and Globalways GmbH, and investments in 400G infrastructure enhance its global reach and capacity. Zayo's services are tailored to meet the growing demand for low-latency, high-bandwidth connectivity driven by 5G, cloud services, and AI workloads, positioning it as a critical backbone for digital infrastructure

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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