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Simple Broadband
Ari Buchalter's Simple Broadband acquires last-mile fiber and fixed-wireless ISPs in underserved US markets, structured as a permanent-capital holding...
Simple Broadband
Simple Broadband was founded in 2018 by Ari Buchalter, the former CEO of Intersection and a veteran of Blackstone's infrastructure group. The firm structures itself as a permanent-capital vehicle rather than a traditional private-equity fund, targeting long-duration digital infrastructure assets. Its explicit focus is acquiring and upgrading rural and suburban internet service providers whose networks can be densified with fiber and next-generation fixed-wireless technology. Simple Broadband's deployment strategy is concentrated across three asset classes: fiber-to-the-home networks, fixed-wireless access spectrum, and carrier-neutral data-center colocation facilities. The firm acts as an active owner-operator, typically acquiring incumbent local exchange carriers or regional wireless ISPs and layering in capital for network modernization. Confirmed portfolio operations span Texas, the Pacific Northwest, and the Midwest, though the firm does not publicly disclose individual operating-company names. Its playbook involves buying assets where the capital cycle of a traditional private-equity fund is too short to realize the infrastructure returns. The firm operates from a lean New York headquarters. Team size is not publicly reported. Buchalter has indicated the capital base includes family-office and institutional co-investors structured on a deal-by-deal basis rather than through a blind-pool fund, though precise deployment totals remain undisclosed. In 2023, the firm acquired a regional fixed-wireless provider in the Pacific Northwest, adding licensed spectrum assets to its operating portfolio (per the firm's official communications, 2023). Simple Broadband's structural differentiator is its permanent-capital holding-company architecture. Unlike traditional infrastructure funds that must exit assets within 5–10 years, Simple Broadband can own and reinvest in its operating subsidiaries indefinitely, matching the depreciation and upgrade cycles of broadband networks without liquidity pressure. This model aligns with the physical reality of telecom infrastructure, where value compounds only over decades.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Ari Buchalter
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Simple Broadband?
Ari Buchalter, the firm's founder and CEO, leads all investment and operational decisions. Buchalter previously served as CEO of Intersection, the smart-cities infrastructure company backed by Alphabet's Sidewalk Labs, and spent his early career in Blackstone's infrastructure private-equity group. His background blends institutional infrastructure investing with operating experience in technology-enabled physical assets.
How does Simple Broadband source proprietary deal flow?
The firm targets regional ISPs and small fiber operators that fall below the minimum deal size of large infrastructure funds and are too capital-intensive for traditional private-equity. Sourcing comes through direct outreach to owner-operators in secondary and tertiary markets — often family-run telecom businesses without formal sell-side advisors — and through relationships with tower companies and spectrum brokers who encounter fragmented operators seeking exit.
Is Simple Broadband structured as a private-equity fund?
No. Simple Broadband is structured as a permanent-capital holding company, not a closed-end fund. The firm raises capital on a deal-by-deal basis from institutional and family-office co-investors and intends to hold acquired operating companies indefinitely. This eliminates the forced-exit timeline that characterizes traditional infrastructure or private-equity fund structures.
Does Simple Broadband participate in fund commitments or only direct deals?
Simple Broadband only pursues direct acquisitions of operating companies. It does not commit capital to third-party funds, nor does it act as a limited partner in other managers' vehicles. The firm's strategy requires full operational control of the assets it acquires.
What investment stages does Simple Broadband typically target?
The firm targets mature, revenue-generating broadband operators with existing subscriber bases and physical network infrastructure already in the ground. It does not invest in pre-revenue startups, spectrum-only plays without operating assets, or greenfield fiber builds — the strategy is acquisition and densification of existing networks, not de novo construction.
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