Cable One acquires Hargray (Hargray Acquisition Holdings, LLC) — remaining ~85% equity interest

Cable One acquired Hargray (Hargray Acquisition Holdings, LLC) — remaining ~85% equity interest for ~$2.0 billion (implied $2.2 billion enterprise value for 100%), a transaction announced in May 2021.

Acquired the ~85% of Hargray it did not already own, converting a 15% minority stake (from the October 2020 Anniston system contribution) into full ownership of the Southeastern U.S. facilities-based provider across AL, FL, GA and SC. Implied a $2.2 billion total enterprise value on a cash-free, debt-free basis; purchase price of approximately $2.0 billion.

Acquired the ~85% of Hargray it did not already own, converting a 15% minority stake (from the October 2020 Anniston system contribution) into full ownership of the Southeastern U.S. facilities-based provider across AL, FL, GA and SC. Implied a $2.2 billion total enterprise value on a cash-free, debt-free basis; purchase price of approximately $2.0 billion.

This transaction will also serve as a potential platform for future organic and inorganic growth in the region as we look to continue to expand our footprint.

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.