Court Square Capital Leads Major Equity Investment in Conterra Broadband
Conterra’s CEO and Management Team Co-Invest in Transaction
March 19, 2014 – Charlotte, NC – Conterra Ultra Broadband Holdings, Inc., a national provider of infrastructure-based broadband services, today announced that it has entered into a definitive agreement through which Court Square Capital Partners—along with substantial participation by the company’s senior management team—will lead an equity investment that will result in the purchase of a majority interest in Conterra. The transaction includes the acquisition of stakes owned by the company’s current institutional shareholders, including affiliates of Goldman Sachs, Duke Energy and GE Capital. Terms of the transaction were not disclosed.