Announced
Financials
Tags
telecommunications
Single Bidder
United States
Majority
Private Equity
Pending
Friendly
Internet
Acquisition
Private
Domestic
Synopsis
Oak Hill Capital, an American private equity firm, agreed to invest in Race Communications, a telecommunications and technology company in California. The transaction is expected to close by early 2021, pending customary regulatory approvals. Financial terms were not disclosed. "The Race Family is excited to partner with Oak Hill, who shares our mission of providing reliable, high-speed internet and advanced communications at an affordable price. Together, we will work to close the digital divide by deploying fiber optic networks in unserved and underserved markets. Race believes high-speed fiber-based internet is essential for the success of all of our customers," Raul Alcaraz, Race CEO.
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