News Releases

Nuvera Communications, Inc. Completes Acquisition of Scott-Rice Telephone Company

August 1, 2018
Nuvera Communications, Inc. (OTCBB Symbol “NUVR”) announced today that it has completed its acquisition of Scott-Rice Telephone Co. (“Scott-Rice Telephone”) from Allstream Business U.S., LLC, an affiliate of Zayo Group Holdings, Inc. (“Zayo”) for approximately $42 million in cash. Scott-Rice serves the communities of Prior Lake, Savage and Elko New Market, Minnesota, providing phone, video and internet services with over 18,000 connections. The combined Nuvera/Scott-Rice company will have approximately 66,000 connections. Concurrent with the acquisition of Scott-Rice, Nuvera entered into an amended credit facility with its principal lender CoBank, ACB to fund the acquisition. Read More

Consolidated Communications completes divestiture of Virginia properties

July 31, 2018
Mattoon, Ill. – Jul. 31, 2018 – Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (the “Company” or “Consolidated Communications”) announced today it has completed the sale of its Virginia properties, Peoples Mutual Telephone Company and Peoples Mutual Long Distance Company, to RiverStreet Management Services, LLC, dba RiverStreet Networks, a subsidiary of Wilkes Communications.  The divestiture allows the Company to continue to focus on its core regions and integration projects. The Company’s Virginia operations contributed approximately $6.3 million of revenue in fiscal 2017.  The sale was a cash transaction valued at approximately $21 million, subject to certain contractual adjustments.  The closing occurred on July 31st following receipt of all required regulatory approvals. Charlesmead Advisors, LLC, served as exclusive financial advisor to Consolidated Communications on the transaction. Read More

Novacap acquires Horizon Telcom

June 18, 2018
Novacap, one of Canada’s leading private equity firms, announced today that it has finalized the acquisition of Horizon Telcom (“Horizon”).  Horizon is a premier provider of fiber-optic bandwidth infrastructure services operating primarily in Ohio. Novacap acquired the company from its owners at a valuation of over US$220,000,000. Horizon began as a local telephone company over 120 years ago and over the last decade has grown its fiber network from 700 route miles to over 4,300 route miles and nearly 550,000 fiber miles with over 1,600 on-net locations and 16,600 near-net buildings. Read More

Consolidated Communications to Sell Iowa-based Heartland Telecommunications Company

May 3, 2016
 Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (“Company”) has entered into a definitive agreement with Mutual Telephone Company of Sioux Center, Iowa  (Premier) and Winnebago Cooperative Telecom Association (Winnebago) to divest its Heartland Telecommunications Company of Iowa (Heartland) in order for the Company to focus on its core regions. Read More

Wilkes Communications, Inc. to acquire TDS North Carolina

January 20, 2015
TDS announced that it had entered into a definitive agreement to sell its North Carolina operations to Wilkes Communications, Inc., headquartered in Wilkesboro, NC.  Financial terms were not disclosed.  Charlesmead Advisors served as exclusive financial advisor to TDS in the transaction. Read More

Eatel Acquires Venyu Solutions, Inc.

September 10, 2013
Louisiana-based Eatel announced the acquisition of Venyu Solutions, Inc., a national provider of data center, managed hosting, cloud services, virtualization and data protection solutions. This is Eatel’s second significant acquisition in less than two years.  In 2012, Eatel acquired Vision Communications, a southeastern Louisiana telecommunications carrier which provides a broad array of advanced communications services including digital cable TV, high-speed Internet access, local and long distance voice, and commercial data services. Charlesmead Advisors acted as exclusive financial advisor to Eatel in both the Venyu and Vision acquisitions. Read More

North State Strengthens Focus on Broadband with the Divestiture of Wireless Operations

December 20, 2012
North State Communications has agreed to sell its wireless operations to AT&T for $23.5 million in cash. Charlesmead Advisors, LLC served as financial advisor to North State in the transaction. Read More

FairPoint Announces Agreement to Sell its Idaho Operations to Blackfoot Telecommunications Group

November 28, 2012
FairPoint Communications, Inc. announced that it has entered into an agreement to sell the capital stock of its Idaho-based operations to Blackfoot Telecommunications Group of Missoula, Montana, for $30 million in cash. Charlesmead Advisors, LLC, served as the exclusive financial advisor to FairPoint Communications. Read More

Ritter Communications to Acquire Millington Telephone and Millington Cable Companies

September 25, 2012
Ritter Communications, a provider of advanced telecommunications services and broadband technologies to business and residential customers in northeast and north central Arkansas, has entered into definitive agreements to acquire Millington Telephone Company, Inc. and Millington CATV Inc. Charlesmead Advisors, LLC served as exclusive financial advisor to Ritter Communications. Read More

EATEL Signs Definitive Agreement to Acquire Lafourche's Vision Communications

January 10, 2012
Ascension-based EATEL today announced it has entered into a definitive agreement to acquire Vision Communications (Vision), a 66-year-old telecommunications company headquartered in Lafourche Parish, Louisiana. Charlesmead Advisors, LLC served as exclusive financial advisor to EATEL.  Read More

North State Communications Enhances Business Services Offerings

December 15, 2011
North State Communications announced that it has entered into an agreement to acquire Winston Salem-based DataChambers, an information technology (IT) company. Charlesmead Advisors, LLC served as exclusive financial advisor to North State Communications. Read More

LICT Corporation Sale of Spectrum Licenses

November 28, 2011
LICT Corporation is announcing that its wholly-owned subsidiary, Lynch 3G Communications Corporation (Lynch 3G), has entered into a definitive agreement to sell its remaining 700 MHz licenses to Smith Bagley, Inc. The licenses cover Catron County, New Mexico; Chautauqua County, New York; Dubuque, Iowa; Elmira, New York; Gogebic County, Michigan; Grant County, New Mexico; Las Cruces, New Mexico; and San Juan County, New Mexico. Charlesmead Advisors, LLC served as the exclusive financial advisor to Smith Bagley, Inc. Read More

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