Weil is advising Everstream, a leading U.S. builder, owner and operator of business-only fiber optic networks in its chapter 11 sale process.

On August 1, 2025, Everstream announced that it had received approval from the U.S. Bankruptcy Court for the Southern District of Texas for the sale of substantially all of its operations to Bluebird Fiber (“Bluebird”), a regional provider of fiber-based connectivity solutions for businesses. Following a robust auction process, Bluebird emerged as the winner with a prevailing bid of $384.6 million. Completion of the sale to Bluebird is targeted by year end, subject to satisfaction of all closing conditions, including regulatory approvals. The sale does not include Everstream’s Pennsylvania business, which the Company previously announced is being wound down.

The Weil team advising Everstream in this process is 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 as well as associates Alex Cohen, Justin Kanoff, Taylor Jones, Ashley Anglade, Courtney Wright, Nathan McCabe and Alicia Mortenson; Mergers & Acquisitions counsel Barrett Schitka and associates Daniel Ruzi, Eileen Creaser, Ryan Blom and Gabrielle Fressle; Banking & Finance partner Andrew Yoon and associates Solomon Leung and Julia Pjevach; Tax partner Greg Featherman and associates Jonathan Vita and Zachary Torres; Private Equity partner Ryan Taylor, counsel Theodora Tavridou and associates Andrew Distell and Mark Schiff; Antitrust partner Kristin Sanford and associate Jarui Wang; Executive Compensation & Benefits partner Aimee Adler, counsel Steven Margolis and associates Sanjana Rao and Emily Warren; Technology & IP Transactions partner Dennis Adams and associates Dominic Farchione and Colleen Seidel; U.S. Privacy & Cybersecurity Head Olivia Greer; Real Estate Co-Head Jannelle Seales and associates Ilana Bier and Subrina Chowdhury; Employment partner Peter Mee and associate Michael Verdichizzi; and Complex Commercial Litigation partner Jared Friedmann, counsel Christine Calabrese and associate Kathleen Stanaro.

Contacts

Matt Barr
Restructuring Department Co-Chair
+1 (212) 310-8010
matt.barr@weil.com

Andriana Georgallas
Restructuring Partner
+1 (212) 310-8827
andriana.georgallas@weil.com

Mariel Cruz
Mergers & Acquisitions Partner
+1 (212) 310-8123
mariel.cruz@weil.com