ROCHESTER, NY – An Upstate New York internet provider that recently entered the Binghamton market has been purchased by a private equity firm.

Greenlight Networks announced today that Oak Hill Capital has become a majority investor in the high-speed broadband internet provider.

Just last month, Greenlight cut the ribbon on its new Greater Binghamton office in Vestal.

The Rochester-based company began offering service in Greater Binghamton with the purchase of Plexicomm a year ago.

Greenlight says Oak Hill plans to invest up to $300 million to help expand its network from nearly 90,000 homes to more than 800,000 homes over the next few years.