BV Investment Partners has signed a definitive agreement to sell Vision Communications, a Louisiana based communications and broadband services provider, to EATEL.
Vision provides a comprehensive suite of residential and commercial communications services, including digital video, high-speed Internet, local and long distance telephone, alarm monitoring, and commercial data services. BV acquired the Company in late 2007 from the Pat Brady family, which had previously owned the business since its founding in 1945. Under BV’s ownership, the Company expanded its service offerings to include Ethernet Transport services, cell tower fiber backhaul, fiber connectivity to schools, libraries and other governmental agencies as well as alarm monitoring & security.
Louis V Bertocci, a Partner at BV, says: "This has been a successful investment for us and we have been very pleased with the operating performance of Vision. On behalf of BV, I want to thank Vision’s management team for their dedication and hard work over the past several years. They have been great operating partners."
Tony Duet, Chief Executive Officer of Vision, says: "Working with the professionals at BV, who have deep experience in the communications sector, proved very valuable in improving our operations. Our partnership with them has been enormously beneficial in terms of the daily operation of our company as well as planning long-range initiatives. Furthermore, we expect our customers to benefit from this transaction and the exciting opportunity it brings."
The transaction is subject to normal regulatory approvals and is expected to close in the fourth quarter.
