Radnor, PA – November 29, 2018 –NewSpring, a family of private equity strategies, announced that NewSpring Mezzanine ("NewSpring"), the Firm’s dedicated mezzanine strategy, has successfully exited SpeedConnect, LLC (“SpeedConnect”).
SpeedConnect was exited through a strategic sale, resulting in the Company selling off a portion of its assets to a large global telecom operator, while remaining an independently operated entity. SpeedConnect was founded in 2001 and provides internet services to homes and business throughout ten states in the Midwest.
Q Advisors LLC, a global TMT investment banking boutique, acted as the exclusive financial advisor to SpeedConnect in connection with this transaction.
SpeedConnect provides wireless and satellite internet, phone and DISH® television. They connect you where you live and play. SpeedConnect supports the small towns and rural communities that make our country flourish. Your choice to live and work next to nature does not mean that you have to be disconnected from the rest of the world. Whether you want to share family photos with faraway relatives, watch or read the daily news or relax to watch the latest episode of your favorite show — they are here to connect you to the services you need. At SpeedConnect, providing services to the heart of America is why they come to work each day. SpeedConnect serves homes and businesses in Michigan, Iowa, Nebraska, Illinois, Minnesota, South Dakota, Montana, Idaho, Texas and Arizona. For more information, visit www.speedconnect.com.