NEW YORK, NY and BOULDER, CO, Apr 17 (MARKET WIRE) --
DH Capital, LLC, an investment banking firm serving the media, internet and
telecommunications industries, served as exclusive financial advisor on the
following
recently completed transactions.
Sale of Willamette Broadband Cable TV Systems to WaveDivision Holdings, LLC:
Willamette Broadband, LLC ("Willamette Broadband") completed the sale of its
cable television systems to WaveDivision Holdings, LLC ("Wave Broadband").
Willamette Broadband, which was controlled by Northwest Capital Appreciation,
Inc.
and Avalon Equity Partners, L.P., owned cable television systems in Oregon
serving approximately 16,000 subscribers in the Portland and Salem markets.
Wave Broadband owns cable systems serving over 200,000 customers in Washington,
Oregon and California. DH Capital initiated the transaction and served as
Willamette Broadband's exclusive financial advisor.
"The Willamette cable television systems were a terrific opportunity for
Avalon and Northwest Capital and it was gratifying to sell them to a
terrific cable operator that will continue to invest in these
communities,"stated Cameron Hewes, Partner at Northwest Capital.
"These cable systems are located in very attractive communities. We
expected a good reception from the market and were pleased with the final
outcome for our client," stated Joseph Duggan, CEO of DH Capital.
Harron Communications Acquisition of First Commonwealth Cable:
Harron Communications, L.P. has acquired several cable television systems
serving
selected Virginia communities in Lancaster, Middlesex and Northumberland
Counties from First Commonwealth Cable.
Harron Communications currently operates cable television systems in the
states of Connecticut, Maine, Maryland, Mississippi, New Hampshire,
Pennsylvania,
and Virginia serving approximately 200,000 subscribers.
James Bruder, Chief Operating Officer of Harron, stated, "We are excited
tohave closed on this opportunity and we look forward to continuing to serve the
communities with cutting edge video and data services. We are also pleased
with the assistance that DH Capital provided us every step of the way as we
negotiated this strategic acquisition."
"It has been our pleasure to work with the owners and management of Harron
and
First Commonwealth in completing this transaction," stated Joseph Duggan, CEO of
DH Capital.
About DH Capital, LLC
DH Capital is an investment banking partnership serving the media,
Internetand telecommunications industries. Based in New York, the firm's
principals
have extensive experience and proven abilities in capital formation, finance,
research, business development and operations. DH Capital provides a full
range of advisory services to companies and financial institutions including
private placements, mergers & acquisitions, financial restructuring, and
operational consulting. The principals of DH Capital have led hundreds of
transactions including mergers & acquisitions totaling in excess of $10 billion,
private equity placements totaling more than $1 billion, and debt placements
totaling in excess of $10 billion.
For additional information on DH Capital, please contact us at
212-774-3720or visit our website at www.dhcapital.com.
For additional information on DH Capital, please contact:
212-774-3720
www.dhcapital.com.
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