Rural Broadband Investments, an Overland Park, Kansas-based private equity firm that acquired several rural cable systems, will be sold to Cable One Inc., a Phoenix-based cable provider, for $735 million.
GTCR, the Chicago-based private equity firm that helped form RBI, announced the sale Wednesday.
RBI CEO Phil Spencer said discussions between the two companies developed over the last six months.
The transaction is expected to close in the second quarter.
Read more: Kansas City Business Journal