Cable One completed the acquisition of the remaining 85% stake in Hargray Communications for $1.87bn.

Cable One, an American broadband communications provider, completed the acquisition of the remaining 85% stake in Hargray Communications, a telecommunications provider, for $1.87bn. Investors group led by The Pritzker Organization that includes investment firms Stephens Capital Partners, Redwood Capital Investments, and WaveDivision Capital agreed to divest their stakes in the target. “We look forward to further partnering with Hargray to extend our presence in the Southeast through Hargray’s fast-growing markets, like-minded strategy, and commitment to providing fast and reliable internet service to rural markets. 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," Julie Laulis, Cable One President and CEO.