Private equity firm Crestview Partners is buying a stake in broadband provider Wow from Avista Capital Partners. The firm is also investing $125 million in new units that will be issued by the sellers and other unit holders.

Wow, headquartered in Englewood, Colorado, provides Internet, cable, and phone services to about 782,000 customers in the Midwest and Southeast. Avista acquired Wow in 2005 from Oak Hill Capital Partners and Abry Partners.

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