WaveDivision Completes $50M Black Rock Purchase
The target provides fiber-optic connectivity services
WaveDivision Holdings LLC has completed a $50 million deal to buy Black Rock Cable.
Bellingham, Wash.-based Black Rock provides fiber-optic connectivity services in Washington.
Wave provides video, Internet and phone services to almost 400,000 customers in Washington, Oregon and California. The company recently raised more than $1 billion in funding in November to support growth.
The funding included investments from private equity firms Oak Hill Capital Partners and GI Partners, plus new bank and high-yield debt financings led by Deutsche Bank and Wells Fargo.
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