PE Deals

Searchlight and BCI to take Consolidated Communications private

The all-cash transaction has an enterprise value of about $3.1 billion, including the assumption of debt.

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  • Searchlight and BCI will acquire all Consolidated Communications stock not already owned by Searchlight for $4.70 per share in cash
  • When the deal closes, expected by the first quarter of 2025, the company will stop trading on Nasdaq
  • Consolidated has a network spanning nearly 59,000 fiber route miles

Consolidated Communications, a Mattoon, Illinois-based fiber provider, has agreed to be taken private by Searchlight Capital Partners and British Columbia Investment Management Corp (BCI).

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