SummitIG: SummitIG receives majority investment from New York private equity firm

New York-based private equity firm SDC Capital Partners LLC has closed on a majority-stake investment in Ashburn-based Summit Infrastructure Group Inc., leading the telecommunications firm to make changes to its executive leadership. Terms were not disclosed. With the close of the transaction, SummitIG Chief Commercial Officer Sunny Kumar has been promoted to CEO, and CFO Michael Rees has assumed the additional role and responsibilities of chief operating officer. Kumar's predecessor, Bill Cook,...