Weil advised Everstream, a leading U.S. builder, owner and operator of business-only fiber optic networks, in its voluntary chapter 11 cases to implement a going-concern sale of the company to an affiliate of Bluebird Fiber (“Bluebird”), a regional provider of fiber-based connectivity solutions for businesses. On March 6, 2026, Everstream and Bluebird announced the completion of the acquisition.

The transaction brought together two complementary fiber networks and significantly expands the combined company’s regional footprint. Following the acquisition, the combined network spans from Kansas to Ohio and north to the Canadian border, with more than 36,000 route miles of fiber and over 400,000 near-net buildings across 12 states.

Also on March 6, Everstream and its debtor-affiliates emerged from their chapter 11 cases. The chapter 11 cases, which were commenced in May 2025 in the United States Bankruptcy Court for the Southern District of Texas, addressed more than $1 billion in funded debt obligations. 

The Weil team advising Everstream was led by Restructuring Department Co-Chair Matt Barr, Restructuring partner Andriana Georgallas and Mergers & Acquisitions partner Mariel Cruz, and includes Restructuring partners Gabriel Morgan and Cliff Carlson, counsel Alex Cohen and associates Justin Kanoff, Taylor Jones, Ashley Anglade, Courtney Wright, Nate McCabe and Alicia Mortenson; Mergers & Acquisitions counsel Barrett Schitka and associates Ryan Blom and David Rudolph; Banking & Finance partner Andrew Yoon and associates Solomon Leung and Julia Pjevach; Tax partner Devon Bodoh and associates Jonathan Vita and Zachary Torres; Private Equity partner Ryan Taylor and associates Andrew Distell and Mark Schiff; Antitrust partners Kristin Sanford and Michael Naughton and associate Jarui Wang; Executive Compensation & Benefits partner Aimee Adler, counsel Steven Margolis and associate Emily Warren; and Complex Commercial Litigation partner Jared Friedmann, counsel Christine Calabrese and Fred Rhine and associate Tiffany Kim.