Crestview Buying a Piece of WOW!

Dec. 11, 2015
Crestview Partners, a private equity firm based in New York, announced funds that it manages will acquire a significant stake in WOW! ...
Crestview Partners, a private equity firm based in New York, announced funds that it manages will acquire a significant stake in WOW!. Under terms of the agreement, Crestview's funds will purchase units held by Avista Capital Partners and other unitholders, and make a $125 million primary investment in newly issued units. The transactions are expected to close on or prior to Dec. 31. Other financial terms were not disclosed.

As of Jan. 1, Crestview Partner Jeffrey Marcus will become WOW!'s new chairman of the board, replacing former WOW! CEO Colleen Abdoulah who will retire as chairwoman but will continue to serve as a director of the board.

Headquartered in Englewood, CO, WOW! offers services to both residential and commercial customers in communities in the Midwest and Southeast. Its networks extend approximately 33,000 plant miles, pass approximately 3 million households, and serve approximately 782,000 customers.