M&A Deal Summary

Hargray Communications Group Acquires Dark Fiber Systems

On January 30, 2019, Hargray Communications Group acquired communications company Dark Fiber Systems

Acquisition Highlights
  • This is Hargray Communications Group’s 3rd transaction in the Communications sector.
  • This is Hargray Communications Group’s 4th transaction in the United States.
  • This is Hargray Communications Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-01-30
Target Dark Fiber Systems
Sector Communications
Buyer(s) Hargray Communications Group
Deal Type Add-on Acquisition
Advisor(s) UBS Investment Bank (Financial)

Target

Dark Fiber Systems

Jacksonville, Florida, United States
Dark Fiber Systems, Inc. is a dark fiber provider. Dark Fiber Systems was founded in 1997 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Hargray Communications Group

Hilton Head, South Carolina, United States

Category Company
Founded 1949
Sector Communications
DESCRIPTION

Hargray Communications Group, Inc. is a telecommunications provider serving southeastern South Carolina and northeastern Georgia. The company's operations include traditional telephone carrier services, internet services, cable television, wireless telephone, and a telephone directory publishing operation. Hargray Communications Group was founded in 1949 and is based in Hilton Head, South Carolina.


DEAL STATS #
Overall 4 of 7
Sector: Communications M&A 3 of 5
Type: Add-on Acquisition M&A Deals 3 of 6
State: Florida M&A 1 of 2
Country: United States M&A 4 of 7
Year: 2019 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 USA Communications - Alabama Assets

Pell City, Alabama, United States

USA Communications' Alabama Assets is an incumbent cable provider. USA Communications' Alabama Assets is based in Pell City, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Kingsland Cable

Kingsland, Georgia, United States

Kings Bay Communications, Inc. is an Internet and cable TV service provider. Kings Bay Communications, Inc. was founded in 1978 and is based in Kingsland, Georgia.

Buy -