Pilot Fiber has announced an agreement to acquire Boldyn Network's fiber metro business in New York and New Jersey.

It's the company's second acquisition, following its acquisition of Extenet's enterprise fiber business in August.

Financial terms of the company's latest acquisition were not disclosed.

Pilot also announced that it has raised more than $330 million in new financing, led by infrastructure investment manager Fengate Asset Management. The company said it expects both transactions to close in the second quarter of 2027, subject to customary closing conditions and regulatory approvals.

Boldyn's metro fiber business includes a New York City fiber network known for data center connectivity, smart city infrastructure, and enterprise services, plus a New Jersey fiber network serving commercial and carrier customers throughout the state.

Once the deal closes, Pilot's footprint will contain more than 1,600 route miles of fiber and connect more than 1,200 buildings and 50 data centers, while boosting Pilot's reach into Brooklyn, Queens, the Bronx, Staten Island, and across New Jersey.

"This acquisition unlocks a new level of scale for us," said Joe Fasone, CEO, Pilot Fiber. "Boldyn's network reaches deep into the five boroughs to the border of Nassau County, and throughout northern and central Jersey, with strong carrier and enterprise relationships already in place. Now we get to bring the same customer-first experience that's defined Pilot from day one to businesses across a much larger part of the region."

Pilot noted that the newly acquired assets significantly expand Pilot's reach across the New York metro area, including more than 860 route miles of fiber into New Jersey commercial corridors.

It also expands on-net reach into Brooklyn via a dedicated East River crossing, and into the Bronx, Staten Island, and Queens, with fiber extending to the Nassau County border, plus monopole infrastructure supporting low-latency connectivity between major financial exchanges.

Boldyn's metro fiber business currently serves approximately 100 enterprise, carrier, and institutional customers. As part of the agreement, Pilot plans to integrate these customers into its business once the transaction closes

The company said it will bring its full product suite, including Dedicated Internet Access, Ethernet Transport, Dark Fiber, Wavelength, and IP Transit, to businesses with complex, high-capacity connectivity needs across the combined network.

Boldyn, an existing Pilot customer, will continue to use the newly combined fiber networks to support its wireless business in the region.

“This strategic relationship with Pilot gives our fiber customers access to a larger network across New York and New Jersey, while allowing us to sharpen our focus on what we do best: deploying wireless infrastructure that keeps people connected where it matters most," said Christos Karmis, global CEO, Boldyn Networks.

"We will continue accelerating our wireless connectivity solutions throughout the region, which includes connectivity at public transportation hubs, government facilities, in-building and large venue locations, outdoor small cells, and infrastructure that benefits public connectivity."

Founded in 2014, Pilot has built a network of more than 300 miles of modern fiber infrastructure throughout New York City. The company serves more than 3,700 businesses across more than 1,000 buildings with a full suite of services, including dedicated Internet access, Ethernet transport, dark fiber, wavelength, and IP transit.