Cable One Acquires Hargray Communications
February 15, 2021
Cable One, Inc. agreed to acquire the remaining equity interests in Hargray Communications from an investor group led by The Pritzker Organization, buying out approximately 85% of Hargray it did not already own in a transaction implying a $2.2 billion enterprise value. The deal expands Cable One's footprint into the Southeastern United States and positions the company to leverage Hargray's fiber-expansion capabilities and local market presence.
- Buyers
- Cable One, Inc.
- Targets
- Hargray Communications
- Sellers
- The Pritzker Organization, L.L.C., Stephens Capital Partners, Redwood Capital Investments, WaveDivision Capital
- Industry
- Telecommunications
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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