Grain Management declares completion of Hunter Communications buyout
By Akshay Kedari  Date: 2020-04-18

Grain Management declares completion of Hunter Communications buyout
  • The transaction is likely to support Oregon communities during the ongoing COVID-19 pandemic.
  • Financial terms of the deal have not been disclosed yet.

One of the leading investment firms focused on the global communications sector, Grain Management LLC has made it to the headlines for completion of its acquisition of Hunter Communications, Inc., a bandwidth infrastructure firm in southern Oregon and northern California regions. However, the financial terms of the transaction have not been yet announced.

Post the announcement of investment, Grain has been closely working with Hunter’s highly proficient management team to help prepare the Company for its upcoming growth phase.

Hunter currently functions as one of the largest private fiber optic network firms in Oregon with nearly 2000 route miles of superior quality fiber. It offers high bandwidth voice and data services to myriad businesses and homes throughout the parts of northern California and southern Oregon.

Commenting on the concluding deal, Hunter Communications Founder and CEO, Richard Ryan stated that the buyout deal is an evidence of the progress the team has made, launching itself as a market leader across the globe. He further adds that the company, with support of Grain is ideally positioned to penetrate into the expanding fiber market and is also looking forward to the expansion of its network while constantly improving the quality of customer experience.

According to official sources, Bank Street Group LLC has served as a financial advisor to Hunter Communications while Perkins Coie LLP supported the company as legal advisor. On the other hand, CoBank ACB was the sole financing arranger for Grain.

Meanwhile, considering the current grim situation, Hunter has donated its services to support crucial community needs with an effort ensuring that communities remain connected during the COVID-19 crisis. It has upgraded services at Assante and Providence Health to augment network capacity, established service connection in less than 24 hours to set up new emergency health clinic in Medford and taken various other measures to ensure smooth operation during this crucial time.

Source credit: https://www.graingp.com/news/newsdetail/1042

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Innovaccer unveils AI-enabled patient relationship management solution
Innovaccer unveils AI-enabled patient relationship management solution
By Akshay Kedari

Innovaccer, Inc., a healthcare company, has recently launched an AI (artificial intelligence) enabled patient relationship management solution. The new solution will streamline communication between the care teams and patients. In addition, the solu...

Geely Tech to rollout a smart battery swapping network across Jinan
Geely Tech to rollout a smart battery swapping network across Jinan
By Akshay Kedari

Geely Technology Group, a Chinese automobile manufacturer, and the Municipal Government of Jinan, China, have reportedly signed an all-round strategic cooperation deal to jointly develop a network of smart battery swapping service stations across Jin...

CStone Pharmaceuticals, Pfizer finalize a $200 million share sale deal
CStone Pharmaceuticals, Pfizer finalize a $200 million share sale deal
By Akshay Kedari

Chinese biotechnology company, CStone Pharmaceuticals has recently announced that it has completed the Share Subscription Agreement with Pfizer Inc. for its newly issued shares worth US$200 million. The move furthers the biotech’s multifaceted ...

Researchers bag $6Mn grant to study the link between Parkinson’s & aging
Researchers bag $6Mn grant to study the link between Parkinson’s & aging
By Akshay Kedari

A three-year grant worth $6 million, funded by the Michael J. Fox Foundation, was recently awarded to a collaborative research team from Michigan’s Van Andel Institute (VAI) and the University of Minnesota Medical School. The grant was given th...

EY announces availability of OpsChain Network Procurement solution
EY announces availability of OpsChain Network Procurement solution
By Akshay Kedari

Ernst & Young (EY), a global professional services network, has recently announced the availability of a first-of-its-kind OpsChain Network Procurement solution. The solution has been built on the company’s OpsChain platform. It will enabl...