A private equity firm that specialises in investments within the communications sector has announced that it has acquired Nebraskan provider, Great Plains Communications.
Grain Management will partner with the Great Plains Communications management team to improve and extend the company's 9,500 mile fibre network further into the Midwest, while working towards ensuring that rising bandwidth demands be continually met via enhanced products and personalised service. The acquisition was completed on October 17, 2018.
Grain acquired Great Plains Communications from the Jensen and Garrigan families, descendants of E.C. Hunt who founded the organization in 1910. The family and management team evolved the business into a fibre services provider, including the supply of digital phone, high-definition cable television, and broadband Internet through DSL, cable modem, satellite or fibre to more than 90 communities across Nebraska. The company also serves the needs of carrier and wholesale customers.
Todd Foje, CEO at Great Plains Communications said of the transaction: ‘Grain's expertise and deep industry experience make this acquisition very positive for our company as well as our customers and the communities we serve. Their proficiency will allow us to further expand our fibre footprint in Nebraska and throughout the region, while also providing enhanced services for our customers.’
David Grain, Founder & CEO of Grain Management added: ‘Great Plains Communications has an impressive network footprint. The fibre network is high quality and diverse, and the management team is poised and ready to improve and expand. These traits make Great Plains Communications a company Grain is excited to have in its portfolio of investments.’