USA Communications said Friday that it has sold systems in Nebraska and Colorado to Eagle Communications. Terms were not disclosed.
The properties serve communities in Central City, Neb., and Burlington, Colo.
“We are thrilled to be passing the ownership of our systems on to Eagle Communications,” said Chris Hilliard, CEO of USA Communications in a statement. “They are a great homegrown Midwest operator just like us. We are confident that they will take good care of our communities and our employees.”
Eagle Communications, based in Hays, Kansas, is a Midwestern-based broadband services and media company with more than 270 employee-owners. The company currently operates cable television systems and radio stations in Kansas, Nebraska, Missouri, and Colorado. Eagle also offers e-business solutions, web hosting, high-speed Internet, telephone service, rural wireless Internet and digital services in most service areas.
“The USA communities feel like home to us at Eagle and our Eagle Employee Owners look forward to becoming their neighbors and growing with their communities,” said Gary Shorman, President/CEO of Eagle Communications in a statement. “Our history of providing cutting-edge technology that is reliable and easy to use will build on the great services already available from USA Communications. We will bring the ‘Eagle Experience’ to these areas with affordable and user-friendly Cable TV, Internet, and telephone service combined with customer focused support.”
New York City telecom, media and technology investment bank Waller Capital served as the exclusive financial advisor to USA Communications on the transaction.