Hargray Communications has agreed to purchase the Alabama assets of USA Communications. Terms of the deal were not disclosed
The deal, expected to close in early 2019, involves USA Communications systems in Pell City, Ala. and surrounding areas.
“We look forward to building upon USA Communications’ recent network investments and will deliver the fastest Internet service in town, a very high quality residential video service, and superior communications products and solutions to the businesses in the USA Communications’ service territory,” Hargray chairman & CEO Michael Gottdenker said in a statement.
Hargray plans to dedicate additional financial resources over the next year to grow USA Communications’ network to provide next-generation products and services to its residential customers.
“We are proud of what we have accomplished with this system over the last few years, but as we look toward the future of communications and entertainment services, it is our belief that Hargray’s larger scale and unique combination of technological expertise and community focus makes them the best possible choice to provide advanced telecommunications services to our communities,” USA Communications CEO Chris Hilliard said in a statement.
Michael McHugh at B. Riley FBR, Inc. was financial advisor to USA Communications for this transaction.