Cable One, Inc. (NYSE: CABO) on May 3 announced the completion of its acquisition of the remaining equity interests in Hargray Acquisition Holdings, LLC that it did not already own.
Hargray is a facilities-based regional communications provider serving nearly 125,000 residential and business customers in 14 markets across Alabama, Florida, Georgia and South Carolina. Hargray offers gigabit-capable services to approximately 99% of its customers. Approximately 60% of Hargray’s total revenues for the 12-month period ended December 31, 2020 were derived from residential data and business services customers.
“It has been my privilege to serve as CEO of Hargray for the last 14 years as we have pursued our purpose of empowering people and communities to connect and thrive,” said Michael Gottdenker, Chairman and CEO of Hargray. “I am confident that under Cable One’s ownership we will continue to pursue this purpose for our colleagues, customers and the communities we serve.”
Cable One, Inc. is a broadband communications provider serving more than 1.1 million residential and business customers in 24 states through its Sparklight and Clearwave brands. Sparklight provides consumers with a wide array of connectivity and entertainment services, including high-speed internet and advanced Wi-Fi solutions, cable television and phone service. Sparklight Business and Clearwave provide scalable and cost-effective products for businesses ranging in size from small to mid-market, in addition to enterprise, wholesale and carrier customers.
“We look forward to expanding our footprint into high-quality markets in Florida, Georgia and South Carolina, as well as reentering the Alabama market. The Hargray team has built a reputation of providing superior service and customer support to residential and business customers in these areas and we are excited to further build upon that legacy,” said Julie Laulis, President and CEO of Cable One. “I am thrilled to welcome our new Hargray associates to Cable One as we work together toward our shared focus of connecting customers and communities to what matters most.”