1248 Holdings completes acquisition of Generate Capital's ownership interest in Ubiquity. Nov 02, 2026, 09:00 ET KANSAS CITY, Mo., Nov. 2, 2026 /PRNewswire/ - 1248 Holdings, a family-owned private investment company, today announced that it and certain of its affiliates have acquired Generate Capital's ownership interests in Ubiquity, a fiber network owner operating in Texas and Nebraska. Terms of the transaction were not disclosed. An investor and founding partner in Ubiquity, 1248 will provide additional capital to support the company's long-term growth, including continued investment in FiberFirst, its internet service provider brand. Ubiquity's fiber networks serve more than 200,000 addresses, primarily serving high growth corridors in Dallas-Fort Worth, Austin and Omaha. Ubiquity successfully sold its California and Arizona network assets earlier in the year. Since its launch in 2023, the FiberFirst(R) brand has added tens of thousands of residential, small business and commercial customers to the network. Ubiquity's networks also support wholesale connectivity, multi-dwelling unit properties and educational institution through the federal E-rate programs across the footprint. "We have been partners with Ubiquity since the beginning and continue to believe in the core business model and the Ubiquity team. This acquisition will enable us to more materially support Ubiquity's long-term growth initiatives in Texas and Nebraska. We are especially excited about the potential within the FiberFirst(R) brand and are confident in its long-term success. Customers, partners and employees can expect day-to-day operations to continue without interruption, with a strong foundation behind it," said Christian Scharosch, Managing Director at 1248 Holdings. Operations are continuing without interruption following the change in ownership. Greg Dial, Ubiquity's former Chief Revenue Officer, has assumed the role of Chief Executive Officer of Ubiquity and FiberFirst. In addition, all other key employees remaining committed to the future of Ubiquity, including Sean Tokic and Pankaj Gulati, who are now serving as Chief Financial Officer and Chief Operation Officer, respectively. "I am thrilled to continue this journey alongside 1248. Our team of seasoned network operators and service provider professionals are poised to continue serving our customers and communities with 100% fiber-driven connectivity," Dial said. "Generate Capital is proud of what Ubiquity has accomplished and confident that 1248 is well positioned to build on Ubiquity's strong foundation and support the company's next chapter," said Laxman Ramu, Managing Director at Generate Capital. Bank Street Group served as financial advisor to Ubiquity, with Kirkland & Ellis LLP and Cooley LLP serving as legal counsel. Polsinelli served as legal counsel to 1248 Holdings. Proskauer Rose LLP served as legal counsel to Generate Capital. About 1248 Holdings 1248 Holdings is a family-owned private investment company that makes and manages direct investments in operating businesses, funds, late-stage venture, private equity and real estate. About Ubiquity / FiberFirst Ubiquity owns and operates last-mile fiber networks across multiple states, passing more than 200,000 addresses. Through its FiberFirst(R) brand, Ubiquity delivers 100% fiber internet to residential, small business and commercial customers. Ubiquity's networks also support wholesale connectivity for internet service providers, wireless carriers, utilities and municipalities, as well as multi-dwelling property and educational institution (ERATE) customers. About Generate Capital Generate Capital is an investor and operator providing reliable and affordable energy and infrastructure solutions to customers and communities. Founded in 2014, Generate develops, finances, builds, owns and operates critical infrastructure that helps customers access reliable power and essential services in an increasingly constrained world. With expertise across technologies and infrastructure sectors, Generate combines flexible capital with hands-on operating capabilities to deliver solutions tailored to customer needs. Since inception, Generate has raised more than $10 billion in capital and built a proven track record across critical infrastructure assets. SOURCE 1248 Holdings

Generate Capital and TurningPoint Energy energize solar farm to support Kendall County families and businesses. * Business Wire * Oct 21, 2026 Attendees celebrate the official ribbon-cutting of the new 3.5 MWac community solar project in Sandwich, Illinois. The project marks the first facility to come online as part of the companies' eight-project, 34.5 MWdc Illinois community solar portfolio and will provide clean, affordable energy to ComEd customers, including dedicated capacity for low-income households. * Business Wire The new 3.5 MWac community solar facility in Sandwich, Illinois, spans approximately 23 acres and features nearly 7,500 solar panels. Developed by TurningPoint Energy and built and operated by Generate Capital, the facility is expected to generate more than 8 million kWh of clean electricity annually. * Business Wire SANDWICH, Ill.-(BUSINESS WIRE)-Oct 21, 2026- Generate Capital ("Generate") and TurningPoint Energy ("TPE") yesterday celebrated the ribbon-cutting of a new 3.5-megawatt alternating current (MWac) community solar project in the City of Sandwich, Illinois, marking one of the first community solar projects in Kendall County developed through Illinois' Adjustable Block Program, now known as Illinois Shines. The project is part of an eight-project, 34.5 MWac portfolio developed by TPE and financed, built, owned, and operated by Generate. Elected officials, project partners, and community members gathered at the site to celebrate the milestone. Attendees celebrate the official ribbon-cutting of the new 3.5 MWac community solar project in Sandwich, Illinois. The project marks the first facility to come online as part of the companies' eight-project, 34.5 MWdc Illinois community solar portfolio and will provide clean, affordable energy to ComEd customers, including dedicated capacity for low-income households. The solar array spans approximately 23 acres and utilizes single-axis tracking technology with backtracking and bifacial solar modules to maximize energy production. The facility is expected to generate more than 8 million kilowatt-hours (kWh) of clean electricity annually, the equivalent of taking more than 1,640 gas-powered cars off the road each year. Construction was completed in mid-2026 using prevailing-wage labor, with qualified laborers on site throughout the build. The project is now delivering renewable energy and utility bill savings to 90 local subscribers, including residents and small businesses. As part of Illinois Shines, the project expands access to solar energy for customers who may not be able to install solar panels on their own properties. In addition to generating clean energy, the project incorporates agrivoltaic and pollinator-friendly land management practices, using sheep grazing to naturally maintain vegetation and native flowering plants to support pollinator populations and enhance biodiversity. These practices help improve soil health and demonstrate how renewable energy can work hand-in-hand with agriculture and responsible land stewardship. As one of the first community solar projects developed in Kendall County, the site represents an important milestone in the region's clean energy transition. At a time of rising energy costs, community solar provides local residents and businesses with access to affordable, locally generated renewable energy while supporting economic growth. Upon full buildout, the eight-project, 34.5 MWac portfolio is expected to deliver nearly $70 million in projected electricity cost savings to Illinois subscribers over its operating life. "Community solar is a great example of how sustainable infrastructure can deliver immediate, tangible benefits to the communities it serves," said Peggy Flannery, Managing Director, Investments at Generate Capital. "Together with TurningPoint Energy, we're bringing reliable, locally generated power to Illinois communities while helping residents and small businesses lower their energy costs. We're proud to invest in, build and operate projects like this for the long term and to expand access to affordable clean energy across the state." "This project demonstrates how thoughtfully developed energy infrastructure can create meaningful benefits for communities beyond electricity generation," said Salar Naini, President of TPE. "Together with Generate, we're delivering a project that combines community solar with responsible land stewardship, creating long-term value for subscribers, host communities, and Illinois' broader clean energy transition." "As more renewable energy resources connect to the electric grid, community solar is playing an important role in expanding customer choice and strengthening Illinois' clean energy economy," said Jie Chu, Vice President of Project & Contracts for ComEd. "ComEd is pleased to support projects like this one that bring local investment, clean energy and bill-saving opportunities to the communities we serve." The Sandwich project is part of a broader eight-project, 34.5 MWac Illinois community solar portfolio that is being brought online across the state. Together, the projects represent a significant addition to the state's solar generating capacity and contribute to Illinois' long-term goal of replacing 100 percent of its existing energy sources with renewable energy by 2050. About Generate Capital Generate Capital is an investor and operator providing reliable and affordable energy and infrastructure solutions to customers and communities. Founded in 2014, Generate develops, finances, builds, owns and operates critical infrastructure that helps customers access reliable power and essential services in an increasingly constrained world. With expertise across technologies and infrastructure sectors, Generate combines flexible capital with hands-on operating capabilities to deliver solutions tailored to customer needs. Since inception, Generate has raised more than $10 billion in capital and built a proven track record across critical infrastructure assets. For more information, visit https://generatecapital.com/. About TurningPoint Energy TurningPoint Energy is a privately held clean energy development, advisory and investment company with over 1.5 Gigawatts (GW) of large-scale solar, community solar, and energy storage projects operating or under development across the United States. Our team adapts to each client's needs and finds ways to invest in our clients and their communities...at every turning point. For more information, visit https://turningpoint-energy.com and join TPE on LinkedIn. For Generate Capital: Andrew Hughes Managing Director of Capital Formation and Investor Relations For TurningPoint Energy: Ildi Synhorst Director, Marketing & Communications KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY OTHER ENERGY PUB: 10/21/2026 09:00 AM/DISC: 10/21/2026 09:03 AM (0 Ratings)