Stonepeak Acquires Astound Broadband from TPG for $8.1 Billion
November 1, 2020
Stonepeak Infrastructure Partners agreed to acquire Astound Broadband (RCN, Grande, Wave, enTouch) from TPG Capital and Patriot Media Management for $8.1 billion. Stonepeak will partner with the Astound management team (Patriot Media) to invest in network expansion and technology upgrades; the deal was expected to close in Q2 2021 subject to customary approvals.
- Buyers
- Stonepeak Infrastructure Partners
- Targets
- Astound Broadband
- Sellers
- TPG Capital, Patriot Media Management
- Industry
- Telecommunications
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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