Key Takeaways
- • 1248 Holdings, a family-owned private investment company, and affiliates acquired Generate Capital's ownership interests in Ubiquity, a fiber network owner operating in Texas and Nebraska; terms were not disclosed.
- • 1248 Holdings was an original investor and founding partner in Ubiquity, and will provide additional growth capital, including investment in its FiberFirst internet service brand.
- • Ubiquity's last-mile networks pass more than 200,000 addresses, concentrated in the Dallas-Fort Worth, Austin and Omaha corridors, and deliver 100% fiber internet to homes and businesses.
- • Greg Dial, formerly chief revenue officer, is now CEO of Ubiquity and FiberFirst.
Summary
1248 Holdings, a family-owned private investment company, and certain of its affiliates have acquired Generate Capital's ownership interests in Ubiquity, a fiber network owner operating in Texas and Nebraska. Terms of the transaction were not disclosed. 1248 Holdings was an original investor and founding partner in Ubiquity, so the transaction consolidates its position in the business as a continuing backer rather than a new entrant.
According to the announcement, 1248 Holdings will provide additional growth capital to Ubiquity, including investment in its FiberFirst internet service brand. Christian Scharosch, a managing director at 1248 Holdings, said the deal allows the firm to more materially support Ubiquity's long-term growth in both states.
Ubiquity owns last-mile fiber networks that deliver 100% fiber internet to homes and businesses. Its networks pass more than 200,000 addresses, mainly in the Dallas-Fort Worth, Austin and Omaha corridors. The company sold its California and Arizona network assets earlier in 2026. FiberFirst, launched in 2023, has added tens of thousands of residential, small business and commercial customers.
Greg Dial, formerly chief revenue officer, is now chief executive of Ubiquity and FiberFirst. Bank Street Group, Kirkland & Ellis and Cooley advised Ubiquity. Polsinelli advised 1248 Holdings, and Proskauer Rose advised Generate Capital.
According to the announcement, 1248 Holdings will provide additional growth capital to Ubiquity, including investment in its FiberFirst internet service brand. Christian Scharosch, a managing director at 1248 Holdings, said the deal allows the firm to more materially support Ubiquity's long-term growth in both states.
Ubiquity owns last-mile fiber networks that deliver 100% fiber internet to homes and businesses. Its networks pass more than 200,000 addresses, mainly in the Dallas-Fort Worth, Austin and Omaha corridors. The company sold its California and Arizona network assets earlier in 2026. FiberFirst, launched in 2023, has added tens of thousands of residential, small business and commercial customers.
Greg Dial, formerly chief revenue officer, is now chief executive of Ubiquity and FiberFirst. Bank Street Group, Kirkland & Ellis and Cooley advised Ubiquity. Polsinelli advised 1248 Holdings, and Proskauer Rose advised Generate Capital.
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