Eagle Communications acquires cable systems in Neb., Colo.
NEW YORK – December 20, 2013 – USA Communications announced today that it has sold cable television systems in Nebraska and Colorado to Eagle Communications headquartered in Hays, Kansas. The cable television systems serve the communities of Central City and surrounding towns in Nebraska and Burlington, Colorado.
“We are thrilled to be passing the ownership of our systems on to Eagle Communications,” said Chris Hilliard, CEO of USA Communications. “They are a great homegrown Midwest operator just like us. We are confident that they will take good care of our communities and our employees.”
Eagle Communications is a Midwestern-based broadband services and media company with more than 270 employee-owners. The company currently operates cable television systems and radio stations in Kansas, Nebraska, Missouri and Colorado. Eagle also offers e-business solutions, web hosting, high-speed Internet, telephone service, rural wireless Internet and digital services in most service areas. Eagle employee owners have been committed to delivering the most reliable services with better quality choices even in the smallest communities.
“The USA communities feel like home to us at Eagle and our Eagle Employee Owners look forward to becoming their neighbors and growing with their communities,” said Gary Shorman, President/CEO of Eagle Communications. “Our history of providing cutting-edge technology that is reliable and easy to use will build on the great services already available from USA Communications. We will bring the ‘Eagle Experience’ to these areas with affordable and user-friendly Cable TV, Internet, and telephone service combined with customer focused support.
Waller Capital, a leading independent investment bank focused on the telecommunications, media and technology sectors, served as the exclusive financial adviser to USA Communications on the transaction. Financial terms were not disclosed.