Aug 15, 2018

Smith, Gambrell & Russell Represents Internet Provider Gigamonster in $45 Million Capital Raise and Merger with Fibersphere Communications


ATLANTA (August 15, 2018) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce the firm served as legal counsel to GigaMonster, one of the nation’s leading fiber-based broadband companies, in its merger with Fibersphere Communications, along with a $45 million investment with Post Road Group. Both transactions closed on June 1, 2018.

Since its formation in 2015, Georgia-based GigaMonster has grown its footprint more than six-fold reaching more than 25 markets nationwide in the multifamily internet provider industry. The $45 million capital investment with Post Road Group provides GigaMonster the financial capability to continue its growth organically and through strategic acquisitions in the ever-changing industry. Through its merger with Oregon-based Fibersphere, the leading fiber-to-the-home internet service provider in the residential market, GigaMonster has expanded its West Coast presence. The combined entity will operate coast to coast to deliver its core offering of one gigabit internet service with no hidden fees, no term commitments, no credit checks, and no data caps.

The SGR Atlanta legal team included Partners Jay Schwartz and Julie Sebastian and Associates Nick Flint and Heiko Gruenwald in the Corporate Practice. Ron Barab, Partner in the Commercial and Bankruptcy Law Practice, also assisted with the finance matters.

About GigaMonster
GigaMonster provides Scary Fast Internet™ to residents of multifamily communities at symmetrical speeds of up to 1 Gbps with very low latency. As one of the nation’s fastest growing multifamily Gigabit internet providers, GigaMonster’s goal is to not only offer the absolute best customer experience available but to also add considerable value to its real estate partners by delivering higher occupancies, longer retention rates and increased property values. GigaMonster accomplishes this, in large part, through its unique network architecture that delivers an unmatched experience for video streamers and online gamers.

About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s more than 220 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction and employment law. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Munich, New York, Southampton, and Washington, D.C.

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