Chicago-based GTCR has completed its previously announced acquisition of Vyve Broadband through its portfolio company, Mega Broadband Investments LLC.
Founded in 2012, Shawnee, Oklahoma-based Vyve provides high-speed data, television and voice services to residential and business customers in rural markets across Oklahoma, Kansas, Texas, Arkansas, Louisana, Tennessee, Georgia and Wyoming.
Vyve represents the third acquisition for MBI, following the previously completed acquisitions of Northland Communications in October 2018 and the broadband assets of Eagle Communications Inc. in August.
Kirkland & Ellis LLP provided legal counsel, PricewaterhouseCoopers served as accounting advisor, and Lazard Middle Market LLC acted as exclusive financial advisor to GTCR and MBI.
Mega Broadband Investments was formed in October 2017 as a partnership between Phil Spencer and GTCR. Its mission is to build a leading broadband provider delivering high speed data, video and voice services to residential and commercial customers.
