M&A Deal Summary

Hargray Communications Group Acquires Electronet Broadband Communications

On February 3, 2020, Hargray Communications Group acquired communications company Electronet Broadband Communications

Acquisition Highlights
  • This is Hargray Communications Group’s 5th transaction in the Communications sector.
  • This is Hargray Communications Group’s 7th transaction in the United States.
  • This is Hargray Communications Group’s 2nd transaction in Florida.

M&A Deal Summary
Date 2020-02-03
Target Electronet Broadband Communications
Sector Communications
Buyer(s) Hargray Communications Group
Deal Type Add-on Acquisition

Target

Electronet Broadband Communications

Tallahassee, Florida, United States
Electronet Broadband Communications is a fiber-based broadband communications company. Electronet Broadband Communications was founded in 1996 and is based in Tallahassee, Flordia.

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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 7 of 7
Sector (Communications) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Florida) 2 of 2
Country (United States) 7 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Infinity Network Solutions

Macon, Georgia, United States

Infinity Network Solutions, Inc. is an information technology services company offering a variety of products and solutions for small to mid-sized businesses and public sector agencies throughout the state of Georgia. Infinity Network Solutions, Inc. assists organizations in reaching their maximum potential through best-in-class implementation and management of technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Hargray Managed IT

Hilton Head, South Carolina, United States

Hargray Managed IT offers Managed Network services, Hardware-as-a-Service, Cloud Hosting, Backup & Disaster Recovery, and Managed Security Services for small-to-medium sized businesses across a wide array of verticals. The company has a long-tenured and strong customer base located primarily in South Carolina and Georgia.

Sell -
Mergr

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Company

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