Halyard Forms NuLink

Halyard Capital forms cable broadband platform NuLink

April 23, 2008

1 Min Read

NEW YORK -- Halyard Capital ("Halyard"), a New York-based private equity firm, in partnership with cable veteran John Brooks, announced today the formation of NuLink and the acquisition of cable assets from Newnan Utilities, a municipally-owned utility based in Newnan, GA, for $70 million. The transaction closed April 21.

The acquisition provides NuLink a platform in Coweta County, GA, a demographically attractive and high-growth region approximately 40 miles southwest of Atlanta. Newnan Utilities has developed a strong competitive position through first-rate customer service and a state-of-the-art network.

NuLink's growth strategy includes capitalizing on the region's continued growth, revitalizing the company's marketing campaigns and launching new products, including video-on-demand and a digital telephony product. The introduction of a digital telephony product will enable NuLink to create a video, high-speed data and voice "triple play" package that will provide significant savings to the company's customers. NuLink, with leadership from Chairman and CEO John Brooks, will also look to grow the company through strategic acquisitions.

"This acquisition provides a strong base for the NuLink strategy," said Brooks. "I am very happy to be partnering with Newnan's talented employees, who have built a strong company that is a key part of the community, and I am confident we can continue to build the business by introducing new products while maintaining and strengthening our commitment to excellent service."

Halyard Capital

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