Bel Air Internet, LLC
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Bel Air Internet, LLC - overview
Established
2002
Location
Los Angeles, CA, US
Primary Industry
Telecoms
About
Bel Air Internet, LLC is a telecommunication provider that delivers high-speed internet, phone, and television services tailored for both residential and business clients throughout the United States. Founded in 2002, Bel Air Internet, LLC is based in Los Angeles, US, specializing in internet and communication services. The company underwent a significant transformation in May 2021, merging with AerioConnect, LLC, and has since focused on expanding its service offerings and market reach. Terry Koosed, who serves as both the Founder and CEO, has a background in telecommunications, contributing to the company's direction and growth.
The company has completed two deals as of its latest merger. BAI Connect specializes in providing high-speed internet, phone, and television services tailored for both residential and business clients. Their primary offering includes fiber-optic internet characterized by symmetrical speeds—allowing for equal upload and download rates—ensuring seamless connectivity for households and enterprises alike. These services are complemented by a variety of television options, including traditional cable and streaming services, as well as digital phone solutions.
BAI Connect caters to a diverse client base spanning residential customers, multifamily dwellings (MDUs), commercial establishments, and the hospitality industry. Their solutions extend beyond standard offerings with custom configurations designed to enhance connectivity at events in regions such as Southern California and Las Vegas. The company operates primarily within the United States, offering its services in various urban and suburban markets. BAI Connect generates revenue through a structured subscription model, where clients pay for internet, phone, and television services on a monthly basis.
This transactional framework allows customers to select from various pricing plans, including bulk and a la carte options designed to suit individual or business needs. For instance, first-time residential internet customers benefit from promotional offers that may include the first month of service free, alongside additional savings over subsequent months, contingent upon autopay and online billing arrangements. The company emphasizes its enterprise-grade solutions for businesses, which can scale according to their specific demands, further establishing a robust revenue stream from B2B engagements. This dual focus on residential and commercial services underscores their commitment to delivering tailored internet and communication solutions in a competitive marketplace.
In May 2021, Bel Air Internet, LLC and AerioConnect, LLC merged to form BAI Connect. The rationale behind this merger was to enable the company to execute an aggressive growth plan aimed at expanding its network beyond its current serving areas into new markets and enhancing its product portfolio. Future growth strategies may involve the launch of new products, though specific details have not been disclosed. The company plans to broaden its geographic reach into emerging markets and further enhance its service offerings as part of its growth strategy.
Current Investors
BAI Connect
Primary Industry
Telecoms
Sub Industries
Internet Service Providers, Cable Service Providers
Website
www.baiconnect.com
Company Stage
Merged
Total Amount Raised
Subscriber access only
Bel Air Internet, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | AerioConnect, LLC, Bel Air Internet, LLC | - | ||||||||
| Buyout | Completed | Bel Air Internet, LLC | - |
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