BV Investment Partners has sold portfolio company Vision Communications to EATEL. Vision is a Louisiana-based provider of residential and commercial communications services, including digital video, high-speed Internet and local and long distance telephone. Terms of the sale were not released. BV acquired the company in 2007.
BV Investment Partners (“BV”), has completed the sale of Vision Communications (“Vision” or the “Company”), a Louisiana-based communications and broadband services provider, to EATEL.
Vision provides a comprehensive suite of residential and commercial communications services, including digital video, high-speed Internet, local and long distance telephone, alarm monitoring, and commercial data services.
Louis V. Bertocci, a Partner at BV, commented, “This has been a successful investment for us and I want to thank Vision’s management team for their dedication and hard work over the past several years. They have been great operating partners.”
BV acquired the Company in late 2007 from the Pat Brady family, which had previously owned the business since its founding in 1945. Under BV’s ownership, the Company expanded its service offerings to include Ethernet Transport services, cell tower fiber backhaul, fiber connectivity to schools, libraries and other governmental agencies as well as alarm monitoring and security.
The acquisition of Vision will give EATEL an expanded service area throughout southeastern Louisiana that stretches from lower Livingston Parish to Southern Jefferson Parish.
EATEL was the first company in Louisiana to provide phone, high-Speed Internet and cable TV services over a state-of-the-art, all-fiber communications network that offers a broad array of advanced digital services, including 75 high-definition channels, TV Caller ID and hundreds of Video On Demand titles. Founded in Gonzales, Louisiana in 1935, EATEL celebrated its 75th anniversary in 2010 as the leading telecommunications service provider in the Ascension and Livingston Parish communities. To learn more about EATEL, visit www.eatel.com.
About Vision Communications
Founded in 1945, Vision Communications provides a broad array of advanced telecommunications services including digital cable TV, high speed internet access, local and long distance telecommunications, alarm monitoring and commercial data services. Headquartered in Larose, Louisiana, Vision serves residential and commercial customers throughout central and southern Lafourche and southern Jefferson Parishes. To learn more about Vision, visit www.viscom.com.
About BV Investment Partners
BV Investment Partners is an experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $2.6 billion in over 75 companies, actively targeting investments in the information and business services, communications and media industries.