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TruVista is pleased to announce that it has entered into two definitive asset purchase agreements to acquire the cable television systems serving Toccoa and Clayton Georgia. The Toccoa system will be acquired from Northland Cable Properties Seven Limited Partnership and the Clayton system will be acquired from Northland Cable Properties, Inc. (collectively, the “Sellers”). The combined systems currently pass approximately 18,000 homes and serve over 5,000 customers.
“We are excited about the opportunity to serve our new customers and to become part of the Northeast Georgia communities of Toccoa, Royston, Canon, Clayton, Lake Rabun and Sky Valley,” said Brian Singleton, TruVista President and CEO. “These systems are a nice fit for TruVista as we have operated in communities similar to these since our inception. We look forward to offering the latest technologies and quality services that our existing customers have come to expect from TruVista.”
Waller Capital Partners, LLC served as the exclusive financial advisor to TruVista and RBC Capital Markets acted as the exclusive financial advisor to the Sellers.