Grain snaps up fourth US telco in quick succession

30 Aug 2019

Washington, DC-based private equity firm Grain Management has unveiled its fourth US telecoms acquisition this month, with the takeover of Oregon-based Hunter Communications. As the owner and operator of one of the largest private fibre-optic networks in Oregon, Hunter Communications provides data and voice services to homes and businesses throughout southern Oregon and parts of northern California. The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2020. Financial terms have not been disclosed.

The deal follows the previously announced acquisitions of Florida-based Summit Broadband (19 August) and Arkansas-based Ritter Communications (12 August). An additional business – St Louis-based InterCarrier Networks (ICN) – was acquired by Great Plains Communications (a Grain Management portfolio company, acquired in October 2018) on 6 August.

United States, Grain Management, Hunter Communications