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GTCR, Mega Broadband Complete Vyve Purchase

Chicago-based private equity fund GTCR and Mega Broadband Investments said Monday that they have completed the purchase of small cable and telecom company Vyve Broadband.

Vyve provides high-speed data, video and voice services to customers in mostly rural markets in Oklahoma, Kansas, Texas, Arkansas, Louisiana, Tennessee, Georgia and Wyoming. The deal was first announced in July. Terms were not disclosed.

Related: Fulfilling a Vision of Small Town Broadband 

This is the third cable purchase for Mega Broadband -- in October 2018 it bought Northland Communications and in August completed a deal for the broadband assets of Eagle Communications.

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.