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.