NOVACAP CLOSES PREVIOUSLY ANNOUNCED TRANSACTION TO ACQUIRE STRATUS NETWORKS
December 22, 2021
MONTREAL, QC - On December 22, 2021, Novacap, announced today that it has closed the transaction announced on October 21, 2021, to acquire Stratus Networks ("Stratus").
Headquartered in Peoria, Illinois, Stratus is a leading provider of fiber optic bandwidth infrastructure services. Founded by co-CEOs John Petrakis and Kevin Morgan in 1998, Stratus has grown to become a leading provider of data and voice networking services for businesses, with a full range of products including data, cloud and voice solutions. John Petrakis and Kevin Morgan will continue in their roles as co-CEOs of Stratus and will remain major shareholders in the company.
MONTREAL, QC - On December 22, 2021, Novacap, announced today that it has closed the transaction announced on October 21, 2021, to acquire Stratus Networks ("Stratus").
Headquartered in Peoria, Illinois, Stratus is a leading provider of fiber optic bandwidth infrastructure services. Founded by co-CEOs John Petrakis and Kevin Morgan in 1998, Stratus has grown to become a leading provider of data and voice networking services for businesses, with a full range of products including data, cloud and voice solutions. John Petrakis and Kevin Morgan will continue in their roles as co-CEOs of Stratus and will remain major shareholders in the company.