Pilot Fiber, an enterprise connectivity provider in the New York metro area, said Feb. 5 it has entered into a definitive agreement to acquire the enterprise fiber business of Extenet Systems LLC.
The transaction will expand Pilot’s owned fiber footprint into New Jersey and add data centers across the New York metro area to its network.
The deal, expected to close in the second quarter of 2026, is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.
Frisco, Texas-based Extenet’s enterprise fiber business includes assets from its prior acquisitions of Hudson Fiber Network, a purpose-built fiber network connecting Manhattan to New Jersey via a Hudson River crossing to serve the financial services industry, and Axiom Fiber Network, a New York City startup that provided high-capacity dark fiber between data centers.
Upon closing, the transaction will expand Pilot’s owned fiber footprint into New Jersey, add more than 20 data centers to its network, and accelerate growth across the enterprise, carrier, wholesale, financial services, and healthcare verticals.
As of February 2026, New Jersey has 10 operating data centers with 95 megawatts of capacity and five planned projects that would add 440 MW of additional capacity, according to Cleanview, an information infrastructure company whose mission is to deploy clean energy faster.
“This acquisition meaningfully advances Pilot’s long-term strategy,” said Joseph Fasone, CEO of Pilot. “Extenet has assembled a high-density fiber network, established enterprise and carrier relationships, and built a footprint that reaches all of the major carrier hotels. We see a clear path to providing additional value and an exceptional customer experience to our new and existing customers across a larger fiber footprint.”
The newly acquired assets provide Pilot with high-capacity fiber infrastructure connecting Manhattan to the major New Jersey data center corridors — a key expansion that strengthens the company’s position serving enterprise and carrier customers who require diverse, high-capacity connectivity.
The transaction significantly expands Pilot’s network capabilities across both data centers and enterprise buildings, including:
- Direct access to critical financial exchange datacenters, including NASDAQ and NYSE
- Expanded on-net reach into additional strategic enterprise buildings
- Diverse fiber entrances into more than 10 new data centers, offering customers maximum control and customization
- Enhanced network diversity options for carrier and wholesale customers
- Increased capacity to serve latency-sensitive applications in both financial services and AI
Extenet’s enterprise fiber business serves about 200 enterprise, carrier, and institutional customers across financial services, health care, media and higher education. Pilot plans to integrate these customers onto its network and platforms by the close of the transaction, leveraging its operational model to improve service delivery, response times, and customer experience.
After the closing of the transaction, Pilot will focus on expanding network capabilities, investing in additional data center connectivity, and leveraging its combined footprint to serve enterprise and carrier customers requiring comprehensive connectivity solutions across the New York metro area.
The Bank Street Group LLC served as exclusive financial advisor to Extenet Systems, LLC in connection with this transaction.
