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Announced

Completed

Grande Communications completed the acquisition of Harris Broadband.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

internet service provider

Private

United States

Domestic

Internet

Acquisition

Friendly

Single Bidder

Completed

Synopsis

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Grande Communications, a division of Astound Broadband, the sixth largest cable operator in the United States, completed the acquisition of Harris Broadband, a provider of fiber-to-the-home services, offering internet, TV and voice services in areas of Central Texas. Financial terms were not disclosed. "We’re excited to become a part of the Grande Communications family. This transaction provides us with access to nationally recognized technical expertise, highly regarded operational management systems and processes, and unparalleled financial acumen to further the expansion of Harris Broadband. Moreover, this transaction is great for not only customers we currently serve, but surrounding communities in and around Brownwood and Early," Philip Harris, Harris Broadband President.

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