Grain Management Acquires Majority Stake in Ritter Communications
August 12, 2019
Grain Management signed a definitive agreement to acquire a majority stake in Ritter Communications from E. Ritter and Company, with the Ritter family retaining board positions. The investment will support accelerated growth and fiber network expansion across Ritter's service area; the deal is subject to customary regulatory approvals and was expected to close in Q4 2019 (financial terms not disclosed).
- Buyers
- Grain Management, LLC
- Targets
- Ritter Communications
- Sellers
- E. Ritter and Company, Ritter family
- Industry
- Telecommunications
- Location
- Arkansas, United States
- Transaction Type
- Buyout
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