Vermont

Vermont Approves $3.1 Billion Sale of Consolidated Communications

The sale would see Searchlight Capital Partners and a partner take ownership of Consolidated Communications.

Ari Bertenthal

Nov 26, 2024 — 1 min read

Photo of Consolidated Communications equipment, from VT Digger

WASHINGTON, Nov. 26, 2024 – The state of Vermont has approved the sale of Consolidated Communications to a private equity buyers, beating federal regulators.

The $3.1 billion sale, approved by the Vermont Public Utilities Commission on Nov. 14, would see Searchlight Capital Partners and British Columbia Investment Management Corporation take ownership of Consolidated Communications and about 250,000 fiber Internet subscriptions currently served by the company.

Searchlight, based in New York, N.Y., is an international private equity investment company with more than $12 billion in assets.

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Vermont Briefs Consolidated Communications VPUC Searchlight Capital BCIMC Mike Shultz Vermont Public Maine New Hampshire FCC