Old Market Capital Corporation (OMCC) increased its ownership of Ohio broadband provider Amplex Holdings to 80% by acquiring an additional 9% stake from Amplex President Mark Radabaugh for $3.5 million. The transaction, completed on April 22, 2026, was announced on April 23.
The move solidifies OMCC’s control over Amplex, a company that serves about 13,400 broadband customers, including 5,200 fiber subscribers, and is expanding its fiber network across northwest Ohio. With 80% ownership, OMCC can now direct capital allocation, network expansion, and customer acquisition strategies.
OMCC’s stake in Amplex has grown steadily since June 2024, when it first acquired a 51% interest. Subsequent investments in December 2024 and November 2025 increased the holding to 66.4%, and the latest purchase brings the total to 80%. The incremental $3.5 million purchase reflects OMCC’s commitment to the rural broadband sector.
The transaction aligns with OMCC’s broader pivot away from its former sub‑prime auto‑lending business, which it largely exited in 2024 by selling receivables and repossessed assets to Westlake Financial. The company now positions itself as a holding entity focused on capital‑intensive telecom investments.
Management emphasized confidence in Amplex’s growth prospects. CEO Jeff Royal said, "This investment reflects our confidence in Amplex and its long‑term growth potential. We believe increasing our ownership position is good for shareholders and is a testament to our partnership with Mark Radabaugh and the Amplex team."
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