Cable One to Acquire Hargray Communications financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
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Hargray Communications (“Hargray” or the “Company”) and The Pritzker Organization, L.L.C. (“TPO”) announced today that an investor group led by TPO and including Stephens Capital Partners, Redwood Capital Investments, and WaveDivision Capital has signed a definitive agreement under which Cable One, Inc. (“Cable One”), currently a minority investor in Hargray, will purchase the remaining interests in Hargray. TPO led the Hargray investment in 2017 and has held a majority stake in the Company and invested in its growth since that time.
Founded in the Lowcountry region of South Carolina, Hargray is the premier broadband communications provider to small cities and large towns throughout South Carolina, Georgia, Alabama, and northern Florida. The Company has invested significantly to construct fiber-optic broadband networks and to acquire and upgrade smaller providers to create a high-growth b
Cable One Acquisitions Continue with Planned Hargray Purchase Posted on Share
Home » Cable One Acquisitions Continue with Planned Hargray Purchase
Cable One has entered into a definitive agreement to purchase the 85% of Hargray Acquisition Holdings that it doesn’t already own. The deal, which implies a $2.2 billion total enterprise value for Hargray, is expected to close in the second quarter.
Hargray can trace its roots back to 1947 when it began providing telephone service in Hardeeville, S.C., which is in the Hilton Head Island-Bluffton, Beaufort metropolitan statistical area. The company has grown considerably since then, in part through acquisitions, and now offers gigabit-capable services to approximately 99% of its customers in 14 markets in Alabama, Florida, Georgia and South Carolina.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Cable One Acquires Hargray from Investor Group Led by The Pritzker Organization
February 15, 2021 GMT
HILTON HEAD ISLAND, S.C. & CHICAGO (BUSINESS WIRE) Feb 15, 2021
Hargray Communications (“Hargray” or the “Company”) and The Pritzker Organization, L.L.C. (“TPO”) announced today that an investor group led by TPO and including Stephens Capital Partners, Redwood Capital Investments, and WaveDivision Capital has signed a definitive agreement under which Cable One, Inc. (“Cable One”), currently a minority investor in Hargray, will purchase the remaining interests in Hargray. TPO led the Hargray investment in 2017 and has held a majority stake in the Company and invested in its growth since that time.