Hargray To Acquire USA Communications' Alabama Assets
HILTON HEAD ISLAND, S.C., Jan. 15, 2019 /PRNewswire/ -- Hargray Communications announced today an agreement to acquire the Alabama assets of USA Communications, an incumbent cable provider serving Pell City, Alabama and surrounding areas. The transaction, expected to close early this year, will add additional residential and commercial customers to Hargray's expanding network in the southeastern United States.
"On behalf of our almost 600 Hargray colleagues, we are pleased to announce our agreement to acquire the Alabama assets of USA Communications. We look forward to building upon USA Communications' recent network investments and will deliver the fastest Internet service in town, a very high quality residential video service, and superior communications products and solutions to the businesses in the USA Communications' service territory," said Hargray Chairman & CEO, Michael Gottdenker.
David Armistead, Senior Vice President of Hargray Communications noted that, "In the markets we serve, we take seriously our opportunity and obligation to invest in the local community. We intend to retain USA Communications' local colleagues after closing and invest heavily in USA Communicatins' network to deliver the same high quality suite of residential and commercial services and customer support we are known for in South Carolina and Georgia."
Chris Hilliard, CEO for USA Communications, added, "Since 1995, USA Communications has been dedicated to providing the latest technology to the communities we serve. We are proud of what we have accomplished with this system over the last few years, but as we look toward the future of communications and entertainment services, it is our belief that Hargray's larger scale and unique combination of technological expertise and community focus makes them the best possible choice to provide advanced telecommunications services to our communities."
Over the next year, Hargray will dedicate additional financial resources to grow USA Communications' network to provide next-generation products and services to its residential customers including 100 Mbps High Speed Internet and Wall to Wall Wi-Fi, premium TV with access to a prime selection of programs on-the-go, and Home Phone services. Commercial customers will enjoy enhanced data, voice, and video services including Hosted Unified Communications, Metro-Ethernet, Symmetrical and Asymmetrical Internet, and video services customized for various commercial applications.
As we develop our more detailed integration plans and approach closing, we will be launching an online portal for USA Communications' customers to learn more information about the transition from USA Communications to Hargray. In the meantime, for information about Hargray, please visit us at www.hargray.com.
Founded in 1949, Hargray is a regional telecommunications company providing advanced communications and entertainment services in a growing set of markets in the southeastern United States. Hargray delivers the most advanced technology and the best service for its customers and is active in the communities it serves by supporting a wide range of local charities, organizations, projects and events.
Michael McHugh at B. Riley FBR, Inc. was financial advisor to USA Communications for this transaction.
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