Davis Polk is advising Hargray Communications Group, Inc. on its acquisition by The Pritzker Organization, L.L.C., along with Redwood Capital Investments, Stephens Capital Partners and Hargray’s management. Financial terms of the transaction were not disclosed. The transaction is expected to close in the third calendar quarter of 2017.

Founded in 1949, Hargray is a regional telecommunications company providing advanced Internet, television and telephone communications services in a growing set of markets in South Carolina and Georgia. The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. Redwood Capital Investments is the private investment company for Jim Davis, a co-founder of Allegis Group. Stephens Capital Partners is the principal investing arm of the Warren A. Stephens family and Stephens Inc.

The Davis Polk corporate team includes partner William H. Aaronson and associate Robert F. Smith. Partner David H. Schnabel and associate Anne E. McGinnis are providing tax advice. Partner Joseph P. Hadley and associate Vivian Y. Wong are providing credit advice. Partner Jeffrey P. Crandall and counsel Cynthia Akard are providing executive compensation advice. Counsel Mary K. Marks is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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