November 10, 2017
MSouth Announces the Successful Exit of United Communications
Atlanta, GA (November 10, 2017) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the sale of United Communications, a leading provider of high-speed internet, digital television and voice and data services. Management has worked to position the Company as the pre-eminent provider in the middle Tennessee market, providing superior broadband coverage when compared to many other rural telephone companies. United has over 13,000 access lines and a state-of-the-art network that provides services to underserved rural communities located near Nashville, TN.
“We are very pleased with William Bradford and his leadership at United. The sale to management reflects an attractive financial outcome for MSouth and a tremendous opportunity for William and his team to continue to build out the market,” said Mark Feidler, an MSouth Partner. “We are very pleased with the transaction and the return it generated for our investors.”
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $150 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of companies in sectors where the firm has significant investment, management and transactional experience. MSouth invests with the objective of increasing operating cash flow through growth initiatives and active ownership. A key element of MSouth's investment strategy is partnering with proven management teams to create value. Founded in 2007, MSouth manages $1.3 billion with three active funds. MSouth is the successor to Cravey, Green & Wahlen, which was formed in 1984.