Shenandoah Telecommunications (Shentel) Acquires Horizon Telcom
April 1, 2024
Shenandoah Telecommunications Company (Shentel) agreed to acquire 100% of Horizon Acquisition Parent LLC (Horizon Telcom) for $385 million, consisting of $305 million in cash and $80 million in Shentel common stock. The deal was completed in April 2024, with Shentel expanding its commercial fiber footprint in Ohio and adjacent states and planning to re-brand Horizon’s businesses to Glo Fiber.
- Buyers
- Shenandoah Telecommunications Company (Shentel)
- Targets
- Horizon Acquisition Parent LLC (Horizon Telcom)
- Sellers
- GCM Grosvenor
- Industry
- Telecommunications
- Location
- Ohio, United States
- Transaction Type
- Buyout
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