MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Ritter Communications
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Grain Management Finalizes Partnership with Ritter Communications - Grain Management (“Grain”) together with E. Ritter and Company, announced today that it had completed its acquisition of a majority stake in Ritter Communications - Graingp.com / RitterCommunications.com
Grain Management Finalizes Partnership with Ritter Communications

 

NewswireToday - /newswire/ - Marked Tree, AR, United States, 2019/11/01 - Grain Management (“Grain”) together with E. Ritter and Company, announced today that it had completed its acquisition of a majority stake in Ritter Communications - Graingp.com / RitterCommunications.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Cable / Satellite / Broadband Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Grain Management (“Grain”), a leading, Washington, D.C.-based investor in the global communications industry, together with E. Ritter and Company, announced today that it had completed its acquisition of a majority stake in Ritter Communications. A leader among local independent communications providers in Tennessee and Arkansas, Ritter Communications offers internet, phone, video services and cloud solutions to business, residential and wholesale customers.

Alan Morse, Ritter Communications CEO, said,“Grain Management’s vision for the future of the company, coupled with their industry expertise make this an exciting partnership. Together, we are focused on growth, hard work and maintaining best-in-class customer service and community support. Finding the right partner whose culture is congruent to those values was central to our search and we are excited to be working together.”

Grain invested in Ritter Communications with its current owner, E. Ritter and Company, whose family owners have led the business for five generations since it began providing local telephone service in 1906. Over the last 10 years, Ritter Communications has invested over $100 million in local expansion and today boasts one of the largest, high-capacity fiber optic networks in the region.

“We are excited about the possibilities for the future that this partnership will allow. We’re in a unique position because of our state-of-the-art fiber technology,” said Ronda Ritter Ray, lead family director and fourth-generation Ritter family shareholder. “The communities we serve are near and dear to our hearts, and our family is looking forward to the next chapter of Ritter Communications growth.”

Recent Ritter Communications expansion projects include a $7 million broadband fiber infrastructure project in Hot Springs, Arkansas, the construction of its state-of-the-art Data Technology Center on its campus in Jonesboro, Arkansas, and a multi-million dollar broadband fiber network expansion in Harrison, Arkansas.

Cowen and Company, LLC served as exclusive financial adviser to E. Ritter and Company and Ritter Communications in the transaction. Morgan, Lewis & Bockius LLP served as legal counsel. TD Securities served as financial advisor to Grain Management in the transaction. Alston & Bird LLP served as Grain Management legal counsel. Financial terms of the transaction were not disclosed.

About Ritter Communications

Ritter Communications (rittercommunications.com) , headquartered in Jonesboro, Arkansas, began providing local phone service in 1906. Today, Ritter serves 90 communities and more than 45,000 customers across Arkansas, southeast Missouri and west Tennessee. The company has grown steadily over the years, expanding rapidly since 2010 and is now the largest privately-held regional fiber, telecom, video and cloud services provider in the Mid-South. Ritter invests heavily in the communities it serves by deploying proven, best-in-class infrastructure and technology while coupling it with a world-class customer focused experience. Ritter Communications is a portfolio company of Grain Management, LLC, a leading investor in the communications sector. The company also remains a significant holding of E. Ritter and Company.

About Grain Management, LLC

Grain Management, LLC (graingp.com) is a leading, Washington, D.C.-based investor focused on the global communications sector. The firm was founded in 2007 with the objective of bringing a differentiated approach to the industry characterized by expansive sector knowledge, rigorous analytics, and dedicated, in-house operating and financial professionals. Grain is directed by a team of highly experienced investment professionals with deep industry knowledge and a specialized skill set, marked by extensive operating history, quantitative and analytical proficiency, and regulatory expertise.

About E. Ritter and Company

Founded in 1886 and headquartered in Marked Tree, Arkansas, E. Ritter and Company is a multi-generational family-owned company. Throughout its history and continuing today, the company has been a key employer and strong community advocate in all communities the company serves. In addition to Ritter Communications, its portfolio of companies includes Ritter Agribusiness and Ritter Investment Holdings. Ritter Agribusiness owns and/or manages over 40,000 acres of farmland and produces a diversified mix of row and specialty crops. Ritter Investment Holdings was recently formed to identify and acquire additional operating businesses to diversify the company’s portfolio. The company was recognized nationally in 2019 as one of 30 Exceptional Business Families by Family Business magazine.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Cable / Satellite / Broadband Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Ritter Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Cable / Satellite / Broadband articles,
CATCH Visitors via Your Competitors Announcements!


Grain Management Finalizes Partnership with Ritter Communications

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Press Office - RitterCommunications.com 
870-763-6688 press[.]rittercommunications.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ritter Communications securities in any jurisdiction including any other companies listed or named in this release.

Cable / Satellite / Broadband via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Ritter Communications / Company Profile


Read Cable / Satellite / Broadband Most Recent Related Newswires:

3DS Robotics Project Wins 2019 Etoiles de l’Europe Award
Thales Alenia Space Wins New EGNOS Contract from European Space Agency
Inmarsat GX5 Satellite, Manufactured by Thales Alenia Space, Now in Orbit
Thales Alenia Space’s Innovation Cluster Wins Best Practices Award
OptaSense Earns Acclaim from Frost & Sullivan for its World-class Engineered Fibre Solutions Suite
Thales Alenia Space to Build EUTELSAT 10B Satellite for Inflight and Maritime Connectivity Services
Thales Alenia Space Starts the Construction of its New Facilities in Spain for the Integration of Large Satellite Payloads and Instruments
The Shipping Container for Thales Alenia Space’s Line of Spacebus NEO Telecom Satellites Delivered by Barge to the Port of Cannes
Thales Alenia Space Inaugurates Automated Production Plant for Photovoltaic Assemblies on Satellite Solar Panels
Thales Alenia Space Cameras for ExoMars 2020 Rover to Take Shots of the Martian Surface
Small-satellites and Downstream Digital Transformation Accelerate Space Industry Evolution Finds Frost & Sullivan
Thales Becomes the Decisive Technology Partner for IMOCA Class Vessel Connectivity
Thales Alenia Space Delivers Euclid Communications Module
5G-powered, Wide-scale Implementation of Fiber to Boost Demand for Fiber Optic Test Equipment Finds Frost & Sullivan
Thales Alenia Space and Telespazio Win Contract from Italian Space Agency

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Inkwood Research

Visit Havens Metal Works





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)