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New Deal


Announced

Palisade Infrastructure to acquire Rainier Connect from Mashell.

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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Acquisition

Mobile

Single Bidder

Majority

Private

telecommunications services

Pending

Cross Border

Friendly

United States

Synopsis

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Palisade Infrastructure, a global independent, specialist infrastructure and real assets manager, agreed to acquire Rainier Connect, a provider of affordable high-speed internet, Stream TV, phone, and Boost networking services, from Mashell, a provider of telecom services. Financial terms were not disclosed. “Rainier Connect has a proud history of serving communities for over 100 years. Our family is deeply honored to have been part of this history. It is because of our commitment to ensure that our communities continue to get the best in high-speed internet and connectivity that we have decided to enter into this Transaction with Palisade. With this Transaction, Rainier Connect will be able to invest significantly in upgrading its network to the latest in fiber optic technology, bringing high-speed and reliable internet to all the communities we serve. Palisade takes a long-term view which was an important factor as we wanted to ensure that our employees, customers and communities benefit from an investor with the financial ability to invest for the long-term for the benefit of all stakeholders,” Brian Haynes, Rainier Connect President & CEO.

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