Venture Capital
CLEVELAND and BOSTON, Sept. 10, 2015 /PRNewswire/ -- Everstream Solutions LLC, a subsidiary of OneCommunity, announced today that it will receive a $50-million investment from Boston-based M/C Partners and investors advised by the Private Equity Group of J.P. Morgan Asset Management. The transaction is scheduled to close October 15, 2015, with the investment providing capital for expansion and customer acquisition, as well as retiring existing debt. Presently, Everstream is part of OneCommunity, a Cleveland based nonprofit corporation focused on bringing fiber-based services to healthcare, government and education customers. Under the terms of the agreement, Everstream will acquire a majority of...