Clarity Telecom, which is backed by Pamlico Capital, has agreed to acquire WOW!’s Rapid City and Sioux Fall, South Dakota broadband assets for approximately $262 million in cash. The transaction is expected to close in the late third or early fourth quarter of 2014. RBC Capital Markets was financial advisor to WOW! on the deal. WOW!, which is owned by Avista Capital Partners, is a provider of high-speed Internet, cable TV, and phone service in Illinois, Michigan, Indiana and Ohio.