GTCR Acquires Controlling Stake in Consumer Cellular
October 28, 2020
GTCR has agreed to acquire a majority interest in Consumer Cellular, the U.S. wireless provider focused on customers 50+, in a transaction expected to close by the end of 2020. Founder and CEO John Marick will retire but remain a board member and shareholder; GTCR said it will invest to continue the company’s growth while Consumer Cellular retains its offices and nearly 2,000 employees.
- Buyers
- GTCR
- Targets
- Consumer Cellular
- Sellers
- Existing shareholders, John Marick
- Industry
- Telecommunications
- Location
- Oregon, United States
- Transaction Type
- Buyout
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