M&A Deal Summary

Hargray Communications Group Acquires Kingsland Cable

On August 13, 2019, Hargray Communications Group acquired communications company Kingsland Cable

Acquisition Highlights
  • This is Hargray Communications Group’s 4th transaction in the Communications sector.
  • This is Hargray Communications Group’s 5th transaction in the United States.
  • This is Hargray Communications Group’s 3rd transaction in Georgia.

M&A Deal Summary

Date 2019-08-13
Target Kingsland Cable
Sector Communications
Buyer(s) Hargray Communications Group
Deal Type Add-on Acquisition

Target

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.

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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 5 of 7
Sector (Communications) 4 of 5
Type (Add-on Acquisition) 4 of 6
State (Georgia) 3 of 4
Country (United States) 5 of 7
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 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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FOLLOWING 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.

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