Napleton, New Jersey, September 30, 2026 ( GLOBE NEWSWIRE ) – Spectrotel Holding, LLC (“Spectrotel” or “the Company”) today announced that it has completed the merger with AireSpring as previously announced. AireSpring is a company that provides global connectivity, hosting services, and network infrastructure solutions. This transaction brings together two channel-oriented companies, each with complementary capabilities in hosting networks, connectivity, and communications.

Spectrotel's experience in supporting complex, distributed enterprises is now combined with AireSpring's nationwide proprietary fiber optic network, geographically redundant voice infrastructure, and global connectivity capabilities. With these complementary strengths, the merged platform serves corporate, mid-sized market, and small and medium-sized enterprise clients, including organizations with multiple locations and global needs.

With the support of Charlesbank Capital Partners, the newly merged organization continues to receive investment support from Grain Management, while AireSpring founder Lonstein and his family members remain as important minority shareholders.

Spectrotel CEO Ross Artale stated: "The market is shifting from purchasing individual connections and single technology solutions to a more strategic approach – companies now desire a partner who can take responsibility for the performance of their networks and the results they generate. The merger of Spectrotel and AireSpring endows us with scale, network control, global coverage, and professional capabilities to meet these expectations. This combination has accelerated our ability to anticipate issues earlier, reduce customer complexity, and define what the next generation of managed network services should provide for customers and channel partners."

Charlesbank, the Managing Director, stated: "Spectrotel and AireSpring have both won the trust of corporate clients and channel partners by delivering reliable network performance on a large scale. Our investment reflects the results of our years of focused work in this market, as well as our confidence in the growing demand for managed network services. We believe that together, these two companies possess the technology, talent, and scale to bring more value to our customers. We look forward to collaborating with Ross, their management team, and Grain to accelerate this process."

With the merger completed, Spectrotel and AireSpring will continue to move forward as a single entity, integrating networks, teams, and infrastructure to deliver services through a unified platform. Customer and partnership relationships remain at the core of this effort, with a focus on ensuring service continuity while expanding access to the merged organization's product portfolio, professional capabilities, and network strengths.

Leadership and Organizational Structure

The company has established a leadership team of senior executives aimed at integrating the experiences, capabilities, and perspectives of both organizations, and to lead the growth in the next phase. Ross Artale will continue to serve as the Chief Executive Officer; Russ Shipley, who previously held the role of Chief Operating Officer for AireSpring, will take on the position of Chief Operating Officer; Terri Vaccarino, currently serving as Senior Vice President of Products and Marketing for Spectrotel, will become the Chief Marketing Officer. Adam Siskind will continue to hold the role of Chief Financial Officer, Sanjay Patel will continue as Chief Technology Officer, and Gabe Sette will continue as Chief Revenue Officer. This leadership team will be jointly responsible for integrating the strengths of Spectrotel and AireSpring and implementing the company's strategy as a single entity.

Transactions

This merger was initially announced on April 23, 2026. The financial terms of the transaction have not been disclosed.

Consultant

Moelis and Company LLC serve as the exclusive financial advisors for Spectrotel, Charlesbank, and Grain. Gibson Dunn acts as the legal advisor for Spectrotel and Grain; Latham and Watkins along with Wilkinson Barker Knauer serve as the legal advisors for Charlesbank. Bank Street Group LLC acts as the exclusive financial advisor for AireSpring, and Alston and Bird serve as the legal advisors for AireSpring in this transaction.

About Spectrotel

Spectrotel is redefining managed network services by raising service standards, advancing network management from passive and proactive approaches to predictive and prescriptive strategies. Its technology-enabled solutions that exceed service standards combine automation with AI-driven intelligence and human expertise to reduce downtime, minimize service degradation, and enhance communication platforms. From SD-WAN and SASE to cloud connectivity and advanced security, Spectrotel provides seamless, scalable, and fully managed solutions that help businesses focus on growth, while ensuring their networks operate at the highest performance and resilience.

For more information, please visit www.spectrotel.com or follow us on LinkedIn.

About AireSpring

AireSpring is a global managed network service provider that offers connectivity, networking, and security solutions to enterprises in over 190 countries by signing contracts with more than 265 operators and internet service providers. AireSpring adopts a 100% channel-exclusive model and provides a comprehensive product portfolio, including global managed connectivity, SD-WAN, SASE, enterprise mobile communications, and unified communications. Its AI-powered IT service management platform AIreCONTROL enables single-view visibility, automation, and lifecycle management for complex multi-supplier networks. For more information, please visit airespring.com or follow AireSpring on LinkedIn.

About Charlesbank Capital Partners

Charlesbank Capital Partners was founded in 1998 and is a leading private equity investment firm targeting the mid-market. As of June 30, 2026, it managed assets amounting to approximately $24 billion. Leveraging nearly three decades of experience and industry insight, the firm invests in targeted sectors such as business and consumer services, healthcare, industry, as well as technology and technology infrastructure in a thematic approach. Charlesbank collaborates with outstanding management teams to help companies unlock value and accelerate growth, with a focus on long-term value creation. The company provides flexible capital through complementary private equity and credit strategies that work closely together to leverage the collective insights, resources, and networks of the firm. Charlesbank has offices in Boston and New York. For more information, please visit charlesbank.com or follow Charlesbank on LinkedIn.

About Grain Management

Grain Management was established in 2007 and is a leading global investment institution. The company believes that broadband and digital infrastructure are the foundation for driving technological empowerment and transformation across various industries and all aspects of society. Its global team consists of experienced and diverse professionals who are committed to harnessing the power of connection to strengthen communities and unleash human potential for everyone.

The company focuses on digital infrastructure and is a trusted solution provider in the broadband and communications industry. Its unique industry knowledge, operational experience, and rigorous analytical methods guide its differentiated investment strategies in areas such as fiber optic networks, data centers, wireless spectrum, communication towers, as well as hosting and infrastructure services.

For more information, please visit graingp.com.

Media contact:

Terri Vaccarino

Prosek Partners （ Charlesbank ）