Oak Hill to acquire majority stake in Wyyerd from Carlyle

Oak Hill Capital, a middle-market private equity firm, has signed a definitive agreement to acquire a majority stake in Wyyerd Group Holdings LLC from Carlyle Group. The transaction is expected to close in January 2027.

Wyyerd provides high-speed fiber connectivity to residential and business customers. The investment is intended to accelerate the company's network expansion within and beyond its current markets.

Carlyle has held a majority stake in Wyyerd since 2021 and will retain a minority stake after the deal. During Carlyle's ownership, Wyyerd expanded its network more than twentyfold through acquisitions, network build-out and investment in its leadership and operations. Financial terms were not disclosed.