Tom Pritzker’s family office has joined with Redwood Capital Investment, Stevens Capital Partners and company management to acquire Hargray Communications Group Inc. from Quadrangle Capital Partners,
the
Savannah Morning News
reported.
Terms of the deal were not disclosed.
Hargray provides broadband communications and entertainment to parts of South Carolina and Georgia. The current management team will remain in place, the report said.
Stephens Capital Partners is the family firm of Warren Stephens, a banker from Arkansas. Redwood Capital Investments is a private investment company for the founders of staffing company Allegis Group.
The partners were advised by The Pritzker Organization, the report noted. The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. (Source:
Savannah Morning News
, March 7, 2017.)
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