CHICAGO -- GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Vyve Broadband ("Vyve") from BBH Capital Partners (“BBHCP”). Founded in 2012, and operationally headquartered in Shawnee, OK, Vyve provides high-speed data, television and voice services to residential and business customers in rural markets across Oklahoma, Kansas, Texas, Arkansas, Louisiana, Tennessee, Georgia and Wyoming.

The acquisition will be completed through GTCR’s previously established management partnership with Mega Broadband Investments (“MBI”) and comes less than a year after MBI’s initial platform investment in Northland Communications (“Northland”). The addition of Vyve doubles MBI’s footprint and accelerates its strategy of being a scale broadband provider in rural markets.

The add-on acquisition of Vyve in partnership with a two-time GTCR CEO is another example of the GTCR Leaders Strategy™ at work. GTCR first partnered with Mr. Spencer in 2012 to form Rural Broadband Investments (“RBI”). In October 2017, GTCR established MBI – a second management start-up with Mr. Spencer – to focus on acquiring rural broadband assets as part of a strategy to capitalize on the same trends that made RBI successful.

GTCR and MBI’s investment in Vyve will be funded from GTCR Fund XII, a private equity fund raised in 2017 with $5.25 billion of limited partner capital commitments. Kirkland & Ellis LLP provided legal counsel, PricewaterhouseCoopers served as accounting advisor and Lazard Middle Market LLC acted as exclusive financial advisor to GTCR and MBI.

GTCR

Vyve Broadband