Stonepeak Announces Agreement to Acquire Astound Broadband from TPG for $8.1 Billion. TPG's investment platforms are across a wide range of asset classes, including private equity, growth equity, real estate, impact investing, and public equity. All other figures as of October 2022. The private market is coming to collect -- and it threatens to wreak havoc across global stocks Warburg Pincus has announced the sale of Summit Health to VillageMD, a merger that creates a By signing up for our newsletter, you accept our terms and conditions as outlined underpe-insights.com/privacy-policy. Weve brought together a nationwide network dedicated to disrupting the communications status quo and providing services customers actually enjoy using. Astound Business Solutions provides IT leaders with high-capacity, secure connectivity to their mission-critical applications while increasing overall agility and responsiveness to customer needs. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. This article about a telecommunications corporation or company in the United States is a stub. Astound Broadband originally began as a cable internet provider in the San Francisco Bay area but changed its name to Wave Broadband in 2015. GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. Were proud to have been part of the companys journey, which has been characterized by significant platform expansion, strong growth and great leadership. The deal was announced a little over a month after Astound completed its acquisition of EnTouch, adding 22,000. TPG then acquired Wave in 2018 for $2.36 billion, combining the three firms to create the sixth-largest U.S. cable company. Not all services, speeds, packages, equipment, channels, tiers, pricing, streaming services . MRI develops lasting client relationships based on nearly five decades of expertise and insight. Modem required for internet service. Grande Communication was founded in 1999 and is based in San Marcos, Texas. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. schmitz@stonepeakpartners.com Other restrictions may apply. [9] Astound's expansion continued with its purchase of San Luis Obispo-based Digital West on January 26, 2021, also for an undisclosed sum.[10]. Were evolving to better serve you, your passions, your work, your life. We've got a nationwide commitment to supporting the local communities where we all live, work and raise our families. Our goal is to astound you every day thats why RCNWaveGrandeenTouch is now Astound Broadband powered by RCNWaveGrandeenTouch. Updated 3 minutes ago: Astound Broadband is an American telecommunications company that provides broadband internet, TV and phone services. Get Ahead! Not all services, speeds, packages, equipment, channels, tiers, pricing, streaming services, product offerings and product features are available in all areas. Stonepeaks investment in Astound reflects its strategy of partnering with leading management to support market leaders within digital infrastructure to enable growth oftentimes through incremental capital investment. Editorial rating (4.3/5) Price: $19.99-$141.81/mo. Astound Broadband, a company that owns and operates RCN, Grande Communications, Wave Broadband and enTouch Systems, is inching toward the finish line on the Stonepeak deal. Astound serves eight of the top ten metro markets in the United States. Do it all - and then some - at top speed in your new home. TPG combined Wave with its existing combination of Princeton-based RCN Corporation and San Marcos-based Grande Communications, both of which were acquired on February 1, 2017, in a $2.25 billion deal; TPG bought RCN for $1.6 billion and Grande for $650 million. Used under license; Where Available. The company is a premier broadband provider offering internet, entertainment, communications, connectivity and fiber infrastructure solutions for residential customers and businesses of all sizes. PC Magazines Readers Choice Award named RCN one of the winners for best ISPs in 2013, 2015 and 2016 RCN was rated highest in overall satisfaction. When we say we're here for you, we mean it. RCN Telecom Services, LLC (www.rcn.com), Grande Communications (www.mygrande.com), Wave (www.wavebroadband.com) and enTouch Systems (www.entouch.net) form the sixth largest US cable operator and provide award-winning high-speed internet, broadband communications solutions, digital TV, phone services and fiber optic solutions for residential and business customers across the United States. This is Astounds 3rd transaction in the United States. Stay connected with Astound and save. [5][6] Less than two months later, Stonepeak Infrastructure Partners announced on November 1 that it would purchase the unit, by then named Astound after a previous name used by Wave in San Francisco, from TPG for $3.6 billion along with $4.5 billion in debt through a leveraged buyout;[6][7][8] TPG had explored selling Astound due to the increased demand for Internet bandwidth during the COVID-19 pandemic. Grande Communication is a broadband communications company that offers a full suite of Internet, TV, and phone services for residential and business customers through its state-of-the-art, high-capacity, hybrid fiber-optic network. We look forward to working together to invest in our network, continuing to enhance our product, and services, and capitalize on exciting growth opportunities., Patriot Media chairman and industry veteran Steve Simmons added, As we continue to expand our platform, our core objectives remain aligned to deliver exceptional service to our customers and communities, a best-in-class experience for our employees, outstanding results for our investors, and top tier growth., The acquisition of Astound marks Stonepeaks second investment in residential broadband in North America and represents the largest asset in Stonepeaks global communications portfolio, which includes eight digital infrastructure investments to date, said Brian McMullen, Senior Managing Director at Stonepeak. Originally founded in 1993 as Astound, the company began as a. Introducing 1.2 Gig - our fastest internet speed ever! Learn how and when to remove this template message, "TPG completes acquisition of Grande Communications and RCN", "Kirkland-based Wave Broadband to be sold for $2.4 billion", "San Marcos-based Grande Communications sold in $2.5 billion deal", "RCN, Grande Communications and Wave Broadband close deal to buy Houston-based EnTouch Systems", "Houston-based enTouch System's new owner has a new owner", "Stonepeak Infrastructure to Buy Cable Provider Astound Broadband", "Stonepeak acquires Astound Broadband in $8.1 billion deal", "Exclusive: TPG explores $8 billion sale of U.S. cable operator Astound", "SLO company Digital West sold to broadband provider. Please give us a little more information to finish your order. Were always keeping an eye on the latest developments in broadband to make sure our customers get early access to the most important technologies. Five regional internet service providers will on Wednesday be unified under the new name Astound Broadband. Cell - 781.307.5691, Stonepeak Infrastructure Partners As commercial power is recovered, and it is safe to do so, our crews are on-site working diligently to restore connectivity as quickly as possible. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City. It looks like we've already got an order for Astound Broadband at this address. Stonepeak will partner closely with the Astound management team to continue this positive momentum as the company remains active across multiple growth areas, including organic network expansion, additional M&A opportunities and efforts to accelerate its residential and commercial segments. (RCN); Texas (Grande Communications and enTouch Systems) and Northern California, Oregon and Washington (Wave). Holanda says 258. [1][2][3][4], While TPG held the Internet providers as an unnamed collective unit, they somewhat maintained independence from each other despite sharing resources. We also want to thank TPG for their great support and partnership over the past four years., As we continue to grow our platform, our core objectives remain the same: to deliver exceptional service to our customers and communities, a best-in-class experience for our employees, and outstanding results for our investors, said Steve Simmons, Chairman of Patriot Media and member of the Cable Hall of Fame. Astound is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Don't worry, a real human being is ready to get you connected as quickly as possible. Broadband plays a critical role in todays economy and society, particularly as the need for faster speeds and greater coverage continues to grow. jump to content. If you are having an issue with Astound Broadband and your location is not listed, make sure to submit a report below. [9] Internet service [ edit] These are Grande's speed tiers as of February, 28th, 2018. If you are having issues, please submit a report below. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago. Stonepeaks experience building businesses and its commitment to helping companies grow make it the ideal partner as we continue to deliver high-performing broadband and provide exceptional service to our customers, said Jim Holanda, CEO. As a national telecommunications provider, we offer advanced solutions that are delivered over a diverse, carrier-grade network that we own and . This is Astounds largest (disclosed) transaction. For commercial power updates, please check with PSE https://bit.ly/2RF1Jh5 or PGE https://bit.ly/3FPVik0. Dan Schmitz J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as financial advisors to Astound, and Cleary Gottlieb Steen & Hamilton, LLP and Seyfarth Shaw, LLP are serving as legal counsel. We offer residential broadband and business services in ten states within the US see our locations. Stonepeak Infrastructure Partners (www.stonepeakpartners.com) is an infrastructure-focused private equity firm headquartered in New York with $25.2 billion of assets under management (as of June 30, 2020). We wish Steve, Jim and the outstanding Patriot management team well, as they continue to grow Astound in partnership with Stonepeak.. Together, RCN, Grande, Wave and enTouch serve areas of Chicago, Eastern Pennsylvania, Massachusetts, New York City, and Washington, DC. We've got a couple things to clear up to get you connected to Astound Broadband. The transaction is expected to close in the second quarter of 2021 and is subject to customary closing conditions, including regulatory approvals. Luke Barrett (305) 609-8696; Follow Cliff Townsend Facebook Linkedin Twitter Instagram. Rectangle Health is a provider of payment technology and merchant services to healthcare providers. Stonepeak has been an early and active investor in digital infrastructure, with multiple investments across the data center, fiber and wireless space. Internet Explorer presents a security risk. girl sent me contact card on tinder route 4 west accident today cheap pfsense hardware reddit rating work boots hobart party catering how to make a bundle as a seller . Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. The acquisition for EnTouch, which serves Houston, was then finalized in. Astound Broadband Powered by RCN is a regional cable and fiber internet provider serving 7 U.S. states, including key markets like Boston, Philadelphia, Chicago and D.C. Astound Broadband Powered by RCN's cable plans start at 50Mbps and go up to 330Mbps; their fiber plans deliver 1Gbps speeds GI looks to invest up to $500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Wave Broadband LLC is a provider of industry major high-speed internet, all-digital TV and phone services for residential, small/medium and Enterprise business customers. Our FCC Network Management Disclosure makes available information regarding our network management practices and the performance and commercial terms of our Internet access services to enable you to make informed choices regarding the purchase and use of our services, in accordance with Part 8 of the Rules of the Federal Communications Commission (FCC). Find company research, competitor information, contact details & financial data for Astound Broadband, LLC of Bothell, WA. Diane Carragher Astound Broadband was part of WaveDivision Holdings, LLC, which is headquartered in Kirkland, Washington. anjali mudra above head; plant twigs crossword. Our community involvement is based on our pledge to be here for our customers and communities. Retriever is one of the largest payments companies focused exclusively on the healthcare provider market, serving 15,000 physician practices, dental practices, veterinary clinics and hospitals throughout the U.S. Rectangle Health was founded in 1993 and is based in Valhalla, New York. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The company is at the forefront of the residential and business connectivity transformation, providing customers across the country with access to great high-speed broadband along with other innovative TV and phone services. Astound Broadband Internet Plans and Pricing Astound Broadband's high-speed cable internet service has no contracts, no data caps, and no competitors when it comes to value. TPG purchased the assets in three separate deals, agreeing to pay $2.25 billion for RCN and Grande in 2016, and completing its $2.36 billion purchase of Wave in 2018. RCN, a cable and internet provider available to about 1 million homes in Chicago and the suburbs, is rebranding as Astound Broadband, joining co-owned regional services such as Grande, Wave and Digital West under the new national banner.. You're almost ready to go, but we need a few more details. Learn about our company culture and explore opportunities, check us out. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. All rights reserved. Astound Net Email Login will sometimes glitch and take you a long time to try different solutions. Were evolving so that you can connect to a world of astounding possibilities. has about 850,600 subscribers. 212-907-5119, TPG Modem required for internet service. For more information, visit www.tpg.com on Twitter @TPG. Astound Broadband is available at your address. Let's see what we have available at your address. [3]) is the sixth largest cable operator in the United States with their network passing 3,248,600 homes and businesses. zcushman@matternow.com Stonepeak Infrastructure Partners has struck an $8.1 billion deal to acquire Astound Broadband - a service provider conglomerate that runs RCN, Grande Communications, Wave Broadband and. In January 2022, the company announced its regional divisions would become Astound Broadband: Astound Broadband has been a part of your community for yearswith award-winning* internet service and 24/7 local customer support. Represents the largest private equity acquisition in the U.S. in 2020 and the largest cable transaction in the past five years. Call Today! You can help Wikipedia by expanding it. Media Contacts: If you have further questions, give our award-winning customer service representatives a call at, Astound Broadband powered by Grande Cares Club. Find out what works well at Astound Broadband from the people who know best. Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, closed its previously announced $8.1bn acquisition of Astound Broadband, the sixth largest U.S. cable operator in the United States, operating leading regional providers RCN, Grande Communications, Wave Broadband, and enTouch Systems Get the latest business insights from Dun & Bradstreet. We are very eager and excited to partner with a premier investor such as Stonepeak to further accelerate our growth and take our companies to new levels of customer satisfaction and performance. With more speed you can power more devices giving everyone a better experience whether you work, stream, learn, game or do it all. About Astound (RCN, Grande Communications, Wave and enTouch). *A trademark of Ziff Davis, LLC. Speeds of up to 1200 Mbps make a happy, faster home. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. EPIC's expertise across key lines of insurance, including risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services. RCN, Grande, Wave and enTouch serve over one million customers with 23,000 miles of fiber across Chicago, Eastern Pennsylvania, Massachusetts, New York City, Northern California, Oregon, Texas, Washington, DC., and Washington. princeton, n.j.-- ( business wire )--stonepeak infrastructure partners (stonepeak), a private equity firm specializing in infrastructure investing, today announced it has entered into a definitive. Astound Broadband is an American telecommunications holding company based in Princeton, New Jersey. Indoor & Outdoor SMD Screens, LED Displays, Digital Signage & Video Wall Solutions in Pakistan Stonepeak invests in long-lived, hard-asset businesses and projects that provide essential services to customers, and seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives. Investment firm Stonepeak owns Astound, having closed on the $8.1 billion acquisition this year. 7-Day Free Trial. Apart from monthly internet costs, there is also a one-time activation fee of $9.99 and a monthly network access and maintenance fee of around $6.97. Our services vary based on location. Astound Business Solutions powered by Wave Technology, Information and Internet Bothell, Washington The company offers gigabit speeds serving eight of the top ten largest metro areas throughout the United States. Parent company TPG Capital merged Wave Broadband with RCN and Grande Communications in 2018 after purchasing the latter two providers in 2017. Stonepeak will acquire the company from TPG Capital and Patriot Media Management for $8.1 billion. 8 Astound Broadband Offers Astound Broadband Shopping Tips Shop at Astound Broadband Rating Codes Only Latest Last Call Last Updated: 3 hours ago 50% Off Save 50% on Professional Installation w/ any 100 Mbps, 250 Mbps, + 500 Mbps Internet Package Promo Code Score: 83 95% Success 50% Off Use Code ASTOUNDOFFERHALF Details 50% Off Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. Astound Broadband was a provider of cable TV, broadband internet, and telephone services on the West Coast, and served over 325,000 residential and business customers within communities in the San Francisco Bay Area. Astound Broadband Outage Map. Since day one, we've offered real choice to our customers, with access to Gig broadband, fiber-rich infrastructure, residential television, phone, and business connectivity solutions. Used under license. LoginAsk is here to help you access Astound Net Email Login quickly and handle each specific case you encounter. It looks like Astound Broadband isn't available in your area yet. Additional Internet options for this home include Cable, Cable, Fixed Wireless, DSL, Fixed Wireless, Satellite, Satellite provided by Astound Broadband Powered by Grande, Spectrum, T-Mobile 5G Home Internet. Stonepeak Infrastructure Partners, a private equity firm specializing in infrastructure investing, today announced it has entered into a definitive agreement to acquire Astound Broadband, the sixth largest U.S. cable operator in the United States that operates leading regional providers RCN, Grande, Wave and enTouch.Stonepeak will acquire the company from TPG Capital and Patriot Media . Grande employees have helped distribute $3.0 million to the local Texas communities where we live and serve. To find out more, see our privacy policy. Astound operates in 8 of the 10 largest markets in the U.S. and is considered to be the sixth . TPG put Astound -- a combination of RCN, Wave Broadband and Grande Communications -- up for sale in September, reportedly asking about $8 billion for the assets. The bottom line is that if our customers dont enjoy it, its not worth building. Customers in Washington and Oregon may be experiencing service disruptions due to widespread commercial power outages caused by downed trees and damaged power lines following the high impact windstorms over the weekend. At RCN, when we say we're here for you, we mean it. We substantiate that the cable modem equipment provided, and the configuration of such cable modem, meets the broadband speeds advertised when attached to a wired connection based on SamKnows testing procedures. Try For Free Diane@matternow.com What other fees are charged when signing up with Astound Broadband? Astound launched as a small regional telecom service in Minneapolis in 1998 (upper left), was acquired in 2005 by Kirkland, Wash.-based Wave Broadband, renamed Wave in 2015, and revived Wednesday . The announcement Wednesday gives New Jersey-based Astound, the sixth largest cable operator in the U.S., more marketing heft as it competes against industry . Reprinted with permission.
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