Stonepeak acquire Astound Broadband from TPG for $8.1 Billion
PRINCETON, N.J., 3rd Nov 2020-- Stonepeak, a private equity firm specializing in infrastructure investing acquire Astound Broadband (Astound), the sixth-largest U.S. cable operator for $8.1 billion.
Stonepeak will acquire the company from TPG Capital and Patriot Media Management.
The transaction is expected to close in the second quarter of 2021 and is subject to customary closing conditions, including regulatory approvals.
Stonepeak is partnering with Patriot Media, the industry-leading management team headed by Steve Simmons and Jim Holanda that currently manages Astound.
The company is a premier broadband provider offering internet, entertainment, communications, connectivity, and fiber infrastructure solutions for residential customers and businesses of all sizes.
The...